Assembly Constitutional Amendment No. 37. Amends Section 1 ¼ of Article XIII of the Constitution. Provides that veterans' $1,000 property tax exemption and $5,000 property ownership limitation shall be determined according to the "assessed" value of the property.
Popular Vote Results
Y: 1733034; A: 49.2; N: 1790851; B: 50.8
Assembly Constitutional Amendment
Richard H. McCollister, Assemblyman for Marin and Sonoma Counties Chairman Committee on Military Affairs
Property Owners Association Of California, Inc., Monroe Marlowe, Secretary-Treasurer
VETERANS' TAX EXEMPTION California Proposition 1 (1948).