{"id":1813,"date":"2019-11-08T11:00:19","date_gmt":"2019-11-08T18:00:19","guid":{"rendered":"https:\/\/sandiegonewsdesk.com\/?p=1813"},"modified":"2019-11-07T17:17:31","modified_gmt":"2019-11-08T00:17:31","slug":"democrats-pursuit-of-a-split-roll-tax-to-minimize-prop-13-will-harm-lower-class-workers-and-small-businesses","status":"publish","type":"post","link":"https:\/\/sandiegonewsdesk.com\/?p=1813","title":{"rendered":"Democrats&#8217; Pursuit of a &#8220;Split Roll Tax&#8221; to Minimize Prop 13 will Harm Lower Class Workers and Small Businesses"},"content":{"rendered":"<p><em><span style=\"font-weight: 400;\">Written by Michael Palomba<\/span><\/em><\/p>\n<p><span style=\"font-weight: 400;\">A new initiative to repeal Prop 13 protections for businesses is gaining interest among progressive groups. <\/span><span style=\"font-weight: 400;\">This is dangerous because\u00a0<\/span><a href=\"https:\/\/advocacy.calchamber.com\/policy\/issues\/split-roll-property-tax\/\"><span style=\"font-weight: 400;\">Prop 13<\/span><\/a><span style=\"font-weight: 400;\"> accomplishes many things:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It required that all categories of real property on the local assessment roll be assessed at the same basic tax rate and under the same valuation standard. It did not distinguish among residential, commercial, industrial, agricultural, or any other type of property.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It capped local property tax rates at 1% of the property\u2019s assessed value\u2014based on the market value as of the date of the most recent change in ownership or new construction.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">It capped property tax increases at 2% per year. This means that property taxes are pegged to the property\u2019s original purchase price, plus improvements, not what the property is currently worth.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">When a property is sold, it is reassessed at its new purchase price. It is then taxed at a rate of 1% of that new value, and from then on, Prop 13\u2019s tax limits apply until it is sold again.<\/span><\/li>\n<li style=\"font-weight: 400;\"><span style=\"font-weight: 400;\">These protections provide stability and predictability to both property owners and government coffers \u2014 protecting both from very high or very low reassessed property values each year.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">The new \u201csplit roll\u201d tax initiative needs more than 1,000,000 signatures to qualify for the ballot. And it appears that Democrats and their special interest groups will stop at nothing to convince people, even if they have to deceive voters in the process.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Theses \u201csplit roll\u201d taxes would be the largest tax increase in the history of California, estimated to impose <\/span><em><strong>billions<\/strong><\/em><span style=\"font-weight: 400;\"> in new taxes. However, that is not what you will be told when you are asked to sign. Signature gatherers have been telling people that the new tax increases actually protect Prop 13. As we know, however, that is completely false.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Split roll taxes would harm not only businesses, but the customers of those businesses as well. See, these new taxes would force businesses to have higher property taxes imposed on them. This would apply to all businesses from Walmart to your favorite store in Westfield Mission Valley, and even the mom and pop shop down the street. Businesses like these would see operating costs skyrocket, which would result in higher prices, unemployment, and some businesses shutting down completely.<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"\" src=\"https:\/\/sandiegonewsdesk.com\/wp-content\/uploads\/2019\/11\/farewell-3258939_640.jpg\" width=\"520\" height=\"263\" \/><\/p>\n<p><span style=\"font-weight: 400;\">Now, you may be thinking, \u201cI don\u2019t own a business, so why should I care?\u201d\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Well, I would guess that while you may not own a business, you probably frequent quite a few. And that&#8217;s where these new taxes would affect you. The business has to make up for this loss of income somehow, and there are two major ways that would take place.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The first would obviously be price increases. As taxes increase, prices have to go up to compensate. So, whether it&#8217;s your morning cup o\u2019 joe from Better Buzz or a new jacket you wanted to buy from Forever 21, these split roll taxes will cost you more money.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Labor costs would be another area business owners would look to cut costs. San Diego\u2019s minimum wage is currently around 40% higher than the federal minimum wage. And with a push from Democrats to push that wage even higher to $15 per hour, you can bet that business will not hesitate to cut staff to make up for their increased property tax. This puts many low-skill workers at risk of losing their jobs.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Prop 13 was put in place to stop the state from \u201ctax gouging,\u201d if you will. Even back in 1978 when nearly two-thirds of voters voted in favor of Prop 13, they knew that the protections were needed to protect individuals and businesses from being overtaxed. Stripping businesses of those protections is the first step towards the complete eradication of Prop 13 as a whole.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Just like you, businesses do not want to get taxed into bankruptcy, and Prop 13 is the only thing preventing that from happening.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Written by Michael Palomba A new initiative to repeal Prop 13 protections for businesses is gaining interest among progressive groups. This is dangerous because\u00a0Prop 13 accomplishes many things: It required that all categories of real property on the local assessment roll be assessed at the same basic tax rate and under the same valuation standard&#8230;.<\/p>\n","protected":false},"author":3,"featured_media":1518,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3,2],"tags":[],"class_list":["post-1813","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-politics"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v16.5 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Democrats&#039; Pursuit of a &quot;Split Roll Tax&quot; to Minimize Prop 13 will Harm Lower Class Workers and Small Businesses - San Diego News Desk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandiegonewsdesk.com\/?p=1813\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Democrats&#039; Pursuit of a &quot;Split Roll Tax&quot; to Minimize Prop 13 will Harm Lower Class Workers and Small Businesses - San Diego News Desk\" \/>\n<meta property=\"og:description\" content=\"Written by Michael Palomba A new initiative to repeal Prop 13 protections for businesses is gaining interest among progressive groups. 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