California Tax on Commercial and Industrial Properties - Spidell

California Tax on Commercial and Industrial Properties

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Message Board California Tax on Commercial and Industrial Properties

This topic contains 1 reply, has 2 voices, and was last updated by Lynn Freer 2 months, 1 week ago.

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  • #171396
    Anonymous

    Does anyone have any further information on this ballot initiative? Specifically on the $ 2million exemption and the small business exemption

    What if it is a landlord with residential rentals but some are used for business?

  • #171402
    Lynn Freer
    Participant

    This bill would exclude business property from the Prop 13 assessment and assess at current FMV. It will be an administrative nightmare and the county assessors are extremely concerned about the workload and their lack of staff to do it.