(Via: Roland Li and Joe Garofoli Oct. 5, 2020 Updated: Oct. 5, 2020 4 a.m.) Norges Bank, Norway’s sovereign wealth fund, caught a break when it bought a minority ownership stake in two San Francisco buildings four years ago. Norges paid $453 million for 44% ownership of 100 First St. and 303 Second St. It was an example of soaring San […]
California’s Split Roll Initiative Would Eliminate CRE Property Tax Cap
Split Roll Tax Advances Toward November Vote (VIA: Taylor Kendzora, Kidder Mathews) In November 2020, California voters will decide if property tax assessment calculations will be changed. The proposed Split Roll Ballot, called “The Schools and Communities First” initiative, seeks to increase property taxes by eliminating the existing annual assessment cap. Should the bill pass, many property owners […]
Prop. 13 reform headed to California ballot could swamp counties
Prop. 13 reform headed to California ballot could swamp counties Joe Garofoli : July 6, 2019 Updated: July 6, 2019 2:54 p.m. (VIA: San Francisco Chronicle) Appraiser Matthew D. Boxberger of Santa Clara County visits a construction site in San Jose.Photo: Cody Glenn / Special to the Chronicle Progressives are excited about an initiative to change Prop. 13 […]
