PROPOSITION 15 Property Tax to Fund Schools, Government Services
Failed CA · 2020-11-03
In plain English
This measure would change how property taxes are calculated for commercial and industrial buildings (but not homes). It would require these buildings to be taxed based on their current market value instead of their purchase price. The money collected would go to schools and local government services.
If this passes
What would actually change. No predictions, no opinions.
- Commercial and industrial properties would be reassessed at current market value instead of keeping their old assessed value from when they were purchased
- Property owners of commercial and industrial buildings would pay taxes based on these new, higher assessments
- Revenue from these increased taxes would be allocated to schools and local government services
- Residential properties (homes) would not be affected by this change
Who's funding each side
Supporting (Yes)
$134.0M
Top donors
California Teachers Association Issues PAC$23.3M
Chan Zuckerberg Initiative, LLC (Mark Zuckerberg)$18.7M
Chan Zuckerberg Initiative Advocacy - Yes on 15 (Nonprofit 501(c)(4))$9.0M
Opposing (No)
$114.7M
Top donors
California Business Roundtable Issues PAC$40.1M
Chan Zuckerberg Initiative, LLC (Mark Zuckerberg)$18.7M
Californians To Restore Local Taxpayers' Right To Vote On Taxes, Sponsored By Homeowners, Businesses, And Taxpayers$4.9M
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candidates or measures. Every number on this page comes from official disclosure filings, cited below.
Sources
- Measure text and title: official ballot materials.
- Committee finance: campaign disclosure filings (Forms 460 & 497) filed with the California Secretary of State (Cal-Access).
Explainer text is generated from the official source text above and reviewed for neutrality:
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