Attempts to change Proposition 13 are misguided
Multiple bills have taken aim at Prop. 13, but the most popular among these bills pushes the so-called “split roll” property tax, which would eliminate Prop. 13 protections for job creators but leave them in place for homeowners. But a Pepperdine University study shows that the split roll could trigger the loss of nearly 400,000 jobs and cost California’s economy a total of $71.8 billion in output within the first five years.