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ARTICLE · 08 JANUARY 2018

West Coast Real Estate Update: Dec. 28, 2017

Proposition 13, which was approved in California 40 years ago, could potentially be up for debate in 2018.

United StatesReal Estate and Construction

Susan Jennifer Booth, Karl J Lott, Douglas A Praw, Andrew J. Starrels are Partners, Stephanie M DeHerrera, Daniel D Dow, Ashley K Jason are Associates, Geoffrey M Geddes is a Public Finance Project Manager in our Los Angeles office Stacie Andra Goeddel, Robert M Haight Jr. are Partners, Jacqueline Y Win is an Associate in our San Francisco office George J Gregores, Mel S Weinberger are Partners, Chris Gregores is an attorney in our Portland office.

New California Ballot Initiative Targets Proposition 13 Tax Limit for Corporate Properties

Proposition 13, which was approved in California 40 years ago, could potentially be up for debate in 2018. A ballot initiative that was recently proposed and is supported by a handful of activist groups removes Proposition 13's restrictions on reassessments and tax increases for commercial and industrial real properties.

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