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California Split Roll Tax

If enacted, the 2020 ballot initiative could raise over $11 billion in commercial property taxes in the state, by removing the existing cap for non-residential property holders and adopting a new tax formula that will significantly increase the amount retail and other businesses will owe.

This ballot initiative would upend Proposition 13, the residential and commercial property tax linkage that has been in effect since 1978. The measure proposes to tax “certain commercial and industrial real property based on fair-market value — rather than, as under current law, the purchase price with limited inflation.” Commercial property owners may face substantial increases for the foreseeable future.

In the Media

California Farm Bureau Federation will fight ‘split-roll’ ballot measure (POLITICO, 2/19/20)
The Undermining of Prop 13 (TransActionLaw.com, 2-14-20)
Prop 13 changes worry property owners, assessor (The Business Journal, 2/13/20)
California Commentary: Another state tax revolt (Daily Press, 12/15/19)
A Democrat’s Perspective on Prop 13 (Fox & Hounds Daily, 12/13/19)
CA Commercial Property Owners Facing Pervasive Tax Increases if Prop. 13 Split Roll Initiative Passes (California Globe, 12/3/19)

More about the California Split Roll Tax

In August 2019, proponents filed a new, revised measure in an attempt to address concerns for small business owners. Specifically, the new language expands the reassessment exemption to small business owners with property valued at $3 million or less, up from the previous $2 million threshold. Organizers say it provides a phase-in provision aimed at providing small business tenants with sufficient time to locate other rental options if they believe they will be affected by reassessment.

According to reports, SEIU, the Teachers Union and other backers will need to collect nearly 1 million signatures by May 1 in order for the new initiative to qualify for the November 2020 ballot. The cost to secure the needed signatures is estimated at $10 million. If they succeed, supporters will pull the earlier version of split roll. If they fail to garner enough signatures then the previous measure remains on the ballot.

What’s at stake:

  • In addition to paying more in taxes because of a new basis, the outcome of the referendum creates vast uncertainty about the level of commercial property tax rates going forward.   
  • Recent political issues in California, including the Los Angeles school strike, housing and rent control issues, and super majorities in the legislature mean this issue is likely to be contentious and challenging to defeat. The state may dedicate part of any increased revenue to local services and education.
  • Commercial property owners and the public need to work together to educate voters about the detrimental effect split roll will have on the state’s economic welfare.
  • This initiative could destabilize commercial development in California for years to come.  

Access the latest information

Ballot Initiative Details
California Split Roll Tax Issue Brief
Californians to Stop Higher Property Taxes

For more information

Herb Tyson

Vice President of State & Local Government Relations

+1 202 626 1405