HomeMy WebLinkAboutCity Council - 2020-63 RESOLUTION NO. 2020-63
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH OPPOSING PROPOSITION 15
WHEREAS, on June 6, 1978, Proposition 13, officially titled the "People's Initiative to
Limit Property Taxation" was approved by California's voters, reducing property tax rates on
residential, commercial and industrial properties and capping the rate of increases in the future;
and
WHEREAS, Proposition 13 capped property tax to no more than'one percent of the
purchase price (at the time of purchase) with an annual adjustment of two percent, providing
taxpayers with a new measure of certainly with respect to their ual property tax payments;
and
WHEREAS, the City Council reaffirmed its suppo of Proposition 13 with the adoption of
Resolution No. 2015-31 on July 6, 2015; and
WHEREAS, a proposed statewide Propositi 15, if approved by California voters on
November 3, 2020, would amend Proposition 1 o base the tax assessment of commercial and
industrial properties worth more than $3 milli on the current market value, not the purchase
price; and
WHEREAS,this new split roll to ystem would increase property taxes for commercial
and industrial property owners, placi an undue economic burden on owners and potentially
lessees.
NOW, THEREFORE, the ity Council of the City of Huntington Beach does hereby
resolve as follows:
In recognition of the ositive impact that Proposition 13 continues to have for property
owners, the City Counc' formally opposes Proposition 15 which will raise property taxes for our
commercial and indus ial property owners and place an undue burden on local businesses and
our economy.
PASSED D ADOPTED by the City Council of the City of Huntington Beach at a
regular meeti thereof held on the day of , 20
NO ACTION TAKEN
20-9019/235219
RESOLUTION NO. 2020-63
Mayor
REVIEWED AND APPROVED: INITIATED AND APPROVED:
City Manager Assistant City Manager
APPROVED AS TO FORM:
T,City Attorney
NO ACTION TAKEN