A Single Structural and Fiscal Property Tax Increase:homes of 4,000 square feet or more to pay an additional 1%

SAN FRANCISCO, Calif. — Because someone has to step up and suggest something: this year’s address deals with California’s property tax — All aspects of California Proposition 13 on property taxes are to remain the same except that homes of “4,000 square feet or more” are to pay an additional 1%.

“I’m not final and am open to input on who should get the revenue generated from the additional 1%,” said Kevin Olson of “However, the monies are meant for general fund(s).”

This proposal submitted by Kevin Olson,

NEWS SOURCE: StateoftheState