Continuing Their Record of Rejecting Split-Roll Measures, Voters Defeat Proposition 15
California voters have rejected Proposition 15, the split-roll initiative that proposed the largest property tax increase in state history, with 51.9 percent of the voters in opposition. This marks the third time since 1978 that Californians elected to apply the same property tax rate to all types of real property, following Proposition 8 of June 1978 (on the same ballot that featured Proposition 13) and Proposition 167 of 1992. “It’s time for proponents of property tax increases to accept that…