POLITICS AT PLAY

The push for a referendum on Proposition 13 calling for a “split roll” change is moving forward. And while, at first blush it may seem to be the ideal answer to protecting homeowners and generating much-needed funds for education, take the time to look a little closer. In West Hollywood, for example, though the ballot measure appears to protect small business, the bar that would allow commercial property owners to maintain their current tax values is $3M. You can guess, that leaves out virtually any property in West Hollywood. So, small business is not, in fact, protected. And, as landlords are faced with increases in property tax you can bet they will pass this along to their small business tenants. In the end, many local, community-serving businesses will be forced to close or raise the prices they charge their customers. In CA politics, things are not always as they seem….

Click here to read more

Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA 90069

keith.kaplan@sothebyshomes.com

310-646-7791

Be the first to comment

Please check your e-mail for a link to activate your account.