Last Wednesday night, the Associated Press officially called the results of Proposition 15. Proposition 15, the largest property tax increase in California history, was defeated last night by a margin of more than 550,000 votes! This ends a challenge to dismantle …
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According to the Los Angeles County Tax Assessor, you may be eligible for Misfortune or Calamity Property Tax relief if your property has been damaged by a natural disaster or other unforeseeable, sudden, and unusual occurrences. Filing a claim will temporarily reduce the assessed value of your property – and your property taxes. Granted, these values will remain in effect until …
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This election is a nail-biter, and with many ballots still being counted, many of the close races, including Proposition 15, are still up in the air. However, some local races are likely to be called, including Nithya Raman and Mark-Ridley Thomas, who both have substantial leads in their races.
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In the conversation regarding Proposition 15, most people pay attention to how a Split Roll tax regime would raise property taxes and hurt businesses in California. While the economic impacts of Prop. 15 are important to note, more attention needs to be placed on how Split Roll will affect families and important government services. Namely, Proposition 15 will increase basic costs while reducing available revenue for government programs.
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Metro, as part of its Vision Zero plan, is in the process of creating new bus-only lanes in major Los Angeles thoroughfares. Due to severe declines in ridership, these bus lanes seek to attract back those leaving the transit system. Even low-income populations, who have historically depended upon public …
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This past Wednesday, the Los Angeles City Council moved to adopt a motion that will reform police responses to certain 911 calls. Specifically, the proposal would form an unarmed crisis response team for non-violent …
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Last year, the LA County Board of Supervisors passed OurCounty, a comprehensive regional sustainability plan that sought to orient LA County towards a green future. While some of the projects initially seemed difficult to implement, the County is certainly turning heads. In their annual report, the County Chief Sustainability Office has publicized their …
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Last month, the Los Angeles Metro Board of Directors unveiled a new bold sustainability plan aimed at rethinking transportation. More formally known as the Moving Beyond Sustainability plan, the plan seeks to broaden access to public transportation while …
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BOMA/GLA Education Proposition 15, still not approved by voters, could cost property owners millions. In short, Proposition 15 seeks to end Proposition 13 protections for property owners. Under this tax regime, commercial property owners would be taxed based on market value, which is constantly increasing every year. As such, building owners would be taxed at…
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Proponents of Proposition 15 cite classrooms as the main reason for taxing local properties and businesses. Unfortunately, Proposition 15 actually places education last in line. Most commercial real estate and business organizations are not …
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Opinions expressed in this article are those of the author and do not necessarily represent the positions of BOMA Greater Los Angeles. For media inquiries and questions about BOMA/GLA's policy positions, please email [email protected]. You can also find additional information about our policy positions on our website.