PROPOSITION 1

Official Title: Property Taxes: Contaminated Property.



Official election results are available from the Secretary of State

Yes:

71.1 %

No:

28.9 %

Measure:

Passed



The way it is now: Homeowners pay taxes on the "assessed" value of their property. If an owner has to move or rebuild a home because of environmental disaster, the property tax will increase on the basis of the current market value.

What Prop. 1 would do: If a property is "contaminated" (because of toxic or hazardous materials), Prop 1 would allow the owner to transfer the current "assessed" value to a new or repaired home within their county.

What it would cost: Property taxes would go down, but probably by less than $1 million per year.

 

P R O

C O N

ARGUMENTS

Owners who lose their homes through no fault of their own would not have their property taxes go up even if they have to rebuild or buy a home. This would reduce tax money that local governments use for schools, community colleges and local services.

CONTACT INFORMATION

Assemblyman Curt Pringle
68th District, California Assembly
State Capitol, Room 2179
Sacramento, CA 95814
phone: (916) 445-8377
email: curt.pringle@asm.ca.gov

none available

WHO SIGNED THE OFFICIAL BALLOT PAMPHLET ARGUMENTS Assemblyman Curt Pringle,
Former Speaker, California State Assembly

argument against this measure was not submitted


FOR MORE INFORMATION, CVF RECOMMENDS

Follow the money - CVF has compiled summary campaign finance information and a list of top ten contributors for each ballot measure committee that has filed a report with the Secretary of State.

The Secretary of State's Voter Information Guide - features the Attorney General's summary, official pro/con arguments, the Legislative Analyst's analysis (including background information, details of the proposal, and the fiscal effect of the measure) and the full text of this measure.

The California Journal - provides independent, in-depth analysis, including background on the issue and arguments for and against the measure.

The League of Women Voters' Pro/Con Analysis - provides an excellent, nonpartisan review of this measure.

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This page first published October 1, 1998

Final update December 12, 1998



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