Any time traveler revisiting the California of 1978 would have an easy time understanding why Proposition 13 passed so handily that year, lowering property taxes throughout the state to 1 percent of the latest sale price or 1 percent of the 1975 assessed value.

But some change nevertheless may come to the sacred-cow law later this year.

That would be in the form of a “split roll,” where commercial and residential properties are taxed at different rates.

Read More: https://smmirror.com/2018/01/may-year-prop-13-intent-restored/