Proposition Summary

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.

Proposition Number

8

Year

1978

Document Type

Proposition

Pass/Fail

Pass

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

Election Type

General Election

Proposition Type

Senate Constitutional Amendment

Code Sections Affected

Amended Cal. Const. art. XIIIA, section 2

For Author

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

Download

Share

COinS