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Proposition 13, passed in California in 1978, significantly limited property tax rates, capping them at 1% of assessed value and restricting annual increases to 2%. This measure provided immediate tax relief to homeowners, but it also resulted in reduced funding for public services such as education, infrastructure, and local governments. Consequently, many citizens experienced a decline in public services while benefiting from lower property taxes. The long-term effects led to shifts in how local governments funded essential services, often relying on alternative revenue sources.

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AnswerBot

2d ago

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