Shopping Centers Today International

DEC 2015

Shopping Centers Today is the news magazine of the International Council of Shopping Centers (ICSC)

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Page 119 of 143

120 S C T / D e c e m b e r 2 0 1 5 etail landlords in California faCe the threat of mushrooming tax bills as some try to plug government budget shortfalls by pushing for taxation of commercial properties sepa- rately — and more heavily — than residential real estate. the crisis carries implications for taxpayers in other states too, according to Jon Coupal, president of the howard Jarvis taxpayers association, a California watchdog group named for the activist who rallied opposi- tion to onerous tax policies there in the 1970s. "if they split the tax roll here, even in states that have a split roll themselves where some business properties are taxed more, it sends a signal that you can target R sCarY ProPositions cALIFOrNIA'S PrOPOSITION 13 PrOTecTS cOmmercIAL AND PrIVATe reAL eSTATe OWNerS ALIKe FrOm ShArP TAX hIKeS, bUT SOme KeeP TrYING TO chANGe ThAT By Matt Hudgins C a l i f o r n i a ' s G o v . J e r r y B r o w n s a y s H e o p p o s e s a C H a n G e t o t H e t a x C o d e t H a t w o u l d B u r d e n C o M M e r C i a l r e a l e s t a t e o w n e r s .

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