Permits Legislature To Exclude Newly Constructed Rain-Capture Systems From Property Tax Reassessment Requirement
California Ballot Measure - Proposition 72
Election: June 5, 2018 (Primary)
Outcome: Passed
Categories:
Housing and PropertyFederal, State and Local Relations
Taxes
Summary
Permits Legislature to allow construction of rain-capture systems, completed on or after January 1, 2019, without requiring property-tax reassessment. Fiscal Impact: Probably minor reduction in annual property tax revenues to local governments.
Resources
Official Summary
Source