Companies taxes in focus with Prop 15
The world is in the midst of a pandemic and it’s time to plan for the aftermath with updated property taxes.
The state faces the biggest potential change to property taxes in over 40 years if Prop 15 passes. Property tax works like this: A property’s value reflects its property tax. If a property’s value is $300,000 and its tax rate is 1%, its property tax is $3,000.