PROPERTY TAXATION. LEGISLATIVE CONSTITUTIONAL AMENDMENT. Amends Constitution, article XIIIA, section 2. Provides that real property reconstructed after a disaster, as declared by the Governor, shall not be considered "newly constructed" for property tax purposes if the fair market value of such property, as reconstructed, is comparable to its fair market value prior to the disaster. Authorizes reduction in full cash value of real property for property tax purposes to reflect substantial damages, destruction or other factors causing a decline in value. Revises existing terms relating to the valuation of real property for property tax purposes. Financial impact: In the absence of a major disaster, the adoption of this proposal would have a minor impact on local property tax revenues statewide. It should have no significant impact on state revenues or costs.
Legislative Vote Results
FINAL VOTE CAST BY LEGISLATURE ON SCA 67 (PROPOSITION 8) Assembly - Ayes, 69; Noes, 0 -- Senate - Ayes, 32; Noes, 0
Popular Vote Results
Y: 4698244; A: 78.5; N: 1287241; B: 21.5
Senate Constitutional Amendment
Code Sections Affected
Amended Cal. Const. art. XIIIA, section 2
Omer L. Rains, State Senator, 18th District; Chairman, Senate Majority Caucus; Paul Gann, President, Peoples Advocate (Co-author of Proposition 13, the Jarvis-Gann Initiative); Peter Behr, State Senator, 2nd District; Chairman, Committee on Insurance and Financial Institutions
POST DISASTER TAXATION California Proposition 8 (1978).