Proposition Summary

TAXATION. REAL PROPERTY VALUATION. DISASTERS, SEISMIC SAFETY, CHANGE IN OWNERSHIP. LEGISLATIVE CONSTITUTIONAL AMENDMENT. Amends Article XIII A, Section 2, to provide that in valuing real property: "newly constructed" shall not include reconstruction of comparable improvements after a disaster, as defined by Legislature, or reconstruction or improvement to comply with seismic safety laws; and "change in ownership" shall not include the acquisition of comparable real property as a replacement for property damaged or destroyed as a result of such a disaster or if the person acquiring the property was displaced by eminent domain proceedings, acquisition by a governmental agency, or inverse condemnation. Fiscal impact on state and local governments: Local--Unknown, but probably significant, loss of property tax revenues. Moderate increase in assessment costs. State--Unknown additional costs in aid to local school districts. Unknown increase in income tax revenues.

Proposition Number

5

Year

1980

Document Type

Proposition

Pass/Fail

Fail

Legislative Vote Results

Assembly - Ayes, 77; Noes, 0 -- Senate - Ayes, 38; Noes, 0

Popular Vote Results

Y: 3053861; A: 42.3; N: 4164104; B: 57.7

Election Type

General Election

Proposition Type

LCA

For Author

John Knox, Democratic Member of the Assembly, 11th District Speaker pro Tempore of the Assembly; Kirk West, Executive Vice President California Taxpayers' Association; Paul Priolo, Republican Member of the Assembly, 38th District

Against Author

Gary Wesley, Attorney at Law

Rebuttal Author

Gary Wesley, Attorney at Law

Rebuttal Against Author

John Knox, Democratic Member of the Assembly, 11th District Speaker pro Tempore of the Assembly; Kirk West, Executive Vice President California Taxpayers' Association; Paul Priolo, Republican Member of the Assembly, 38th District

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