California’s property tax system, anchored by Proposition 13, has long been considered a safeguard against runaway taxation. By capping the base property tax rate at 1% of assessed value, it created predictability for homeowners and businesses alike. Yet today, even that limit deserves reconsideration—not upward, as some have argued, but downward. Reduc…
Keep reading with a 7-day free trial
Subscribe to Santa Barbara Current to keep reading this post and get 7 days of free access to the full post archives.