News Release

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CRA President and CEO Rachel Michelin in Sacramento NBC Affiliate KCRA 3: California’s Prop. 15 would raise taxes on commercial buildings

Opponents say proposition has hidden agenda; supporters say it will help schools

SACRAMENTO, Calif. —

It’s one of the hottest issues on the November ballot — but it is often misunderstood. 

Proposition 15 promises the biggest change in property taxes in 40 years. The measure would raise up to $11.5 billion for schools and local governments, according to the nonpartisan Legislative Analyst’s Office.

Prop. 15 would increase property taxes on commercial and industrial buildings worth more than $3 million by assessing them at how much they could be sold for now — instead of the original purchase price.

“So, we talk about this being a property tax increase,” said Rachel Michelin, head of the California Retailers Association, an opponent of Prop. 15. “I look at it too as a consumer tax increase because we’re going to end up paying more for many of the things we use on a daily basis — groceries, medicines, energy, day care, assisted living for our parents.”

Homeowners are currently protected by Prop. 13 from big tax increases – but opponents insist that will change if Prop 15 passes. They believe that Prop. 15 has a hidden agenda.

“I absolutely believe you open the door a little bit on Prop. 13, they are going to swing it wide open in future elections,” Michelin said.

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