Secretary of State No.
PROPERTY TAX LIMITATION. INITIATIVE CONSTITUTIONAL AMENDMENT. Limits property taxes for all purposes to not more than 2% of fair market value. Taxes to be paid by property owners 65 years of age and over set according to income. Provides for challenge of appraised value. Eliminates personal property from taxation. Requires voter approval of property taxation which exceeds limits set forth. Passes tax decrease on to renters of property. Prohibits levy of any ad valorem property tax except as provided. Defines terms.
California Foundation For Economic Justice, 76 Third Street #725, San Francisco, California 94103 Telephone: (415) 362-9210; Mr. Patrick H. O'Shaughnessy, 76 Third Street, No. 725, San Francisco, California 94103; Ms. Bunny Roth, 317 Tenth Street, San Francisco, California
Failed to Qualify
Property Tax Limitation California Initiative 112 (1974).