SACRAMENTO, CALIF – San Luis Obispo County Assessor Tom Bordonaro, Jr. flagged serious concerns with Prop 15, the largest property tax increase in state history. Bordonaro announced his opposition to Prop 15 due to the likelihood the measure will cost San Luis Obispo County revenue—not increase it—and that homeowners will be targeted for higher property taxes next.
Read excerpts from the Paso Robles Daily “County Assessor: This could be the beginning of the end for Prop 13” below:
“‘Taxpayers will be hit with $12.5 billion in new taxes and consumers will be crushed by higher prices for everything that passes through a business located in California,” Assessor Bordonaro said. “Homeowners need to be especially aware that if Proposition 15 passes, property taxes on homes will likely be next,” Bordonaro said. “This could be the beginning of the end of Proposition 13 and the taxpayer protections that homeowners currently receive [emphasis added].’
“The Assessor has just released a detailed report on the impact of Proposition 15 on San Luis Obispo County. Following careful review of the specifics of the measure, the Assessor has determined that San Luis Obispo County taxpayers will get hit for nearly $2 million in new costs and a decline in revenue to fund County services [emphasis added]…
“‘These local establishments have been hit hard and now comes a major change to business property taxes that spell disaster for the businesses and consumers. Everyone will end up paying more for everything—from your morning coffee, to evening dinner, and every other consumer item in between.” Bordonaro said, “I ran for Assessor to protect Proposition 13 and look out for taxpayers, never has there been a greater threat to property tax protections that Proposition 15.'”
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ABOUT NO ON PROP 15 – STOP HIGHER PROPERTY TAXES AND SAVE PROP 13
No on Prop 15 – Stop Higher Property Taxes and Save Prop 13, a bipartisan coalition of homeowners, taxpayers, and businesses, has been fighting to protect Prop 13 and oppose a split-roll property tax for more than a decade. For more information, please visit www.NOonProp15.org.