PPoFT supports Proposition 1, November 2020 Election, called “Schools and Communities First.” Your taxes as a homeowner are not at risk. Schools and Communities First protects and maintains existing Proposition 13 tax protections for all residential property. Placer County will benefit by annually receiving an estimated additional $12M!
The original Proposition 13 exempted large corporations, the top 8% of multi-national conglomerates, that other states tax from tax reassessments on their property. 2020 Proposition 1 closes commercial property tax loopholes that large companies and wealthy investors use to avoid paying their fair share of property taxes. The taxes gathered from Schools and Communities First will go to our schools, which were at the top of the nation’s schools in 1978 and are now are at the bottom. Our children deserve our support!