PROPOSITION 13: Limits on property tax assessment-YES

Proposition 13 seeks to eliminate a current disincentive to upgrading seismically unsafe buildings by changing the way exclusions are granted. Currently, property owners who retrofit unreinforced masonry buildings are granted an exclusion for property reassessments for 15 years. This creates a burden for both the property owner and local assessors who must track the work and determine when it might be eligible. However, many assessors simply don’t track them or just classify the upgrades as maintenance and repair.

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