Confused About State School Bond Proposition 13 and Property Taxes?
This is a clarification on the relationship between the State School Bond, which is Proposition 13 on the March 3, 2020 Statewide Primary Election ballot, and the old Proposition 13 approved by voters in 1978 regarding property tax limits.
Proposition 13 – the State School Bond on the March ballot – is separate and distinct from the 1978 property tax measure. Debt service on state general obligation bonds is paid by the state General Fund. This Proposition 13, like prior state school bonds, will not raise local property taxes or state taxes.
This school bond measure was assigned the number “13” by the Secretary of State using number sequencing requirements, not because of any connection to property tax effects.
There may be a measure on the November 2020 ballot that could impact local property taxes for commercial properties, but this measure has no relationship to the March 2020 State School Bond.
Join us at the CASH Annual Conference for more information about Proposition 13, including campaign updates and planned implementation efforts.
For more on Proposition 13 – the State School Bond on the March ballot, please visit our Advocacy page.