Section 3 of Article XIII D – Taxes might be going up – Many California homeowners and owners of real estate are facing a possible increase in their property taxes with the passage of ACA 8 (Assembly Constitutional Amendment No. 8) which is the most serious assault on the safeguards put in place by Proposition 13 back in 1978. The lead sponsor of the bill is Assemblyman Bob Blumenfield, he along with several other legislators was able to get the legislation passed by the California State Assembly on Saturday June 15, 2013. The desired outcome of the law by the legislators backing the proposed constitutional amendment would be to amend the following sections of the California Constitution:
- Section 4 of Article XIII
- Section 2 of Article XIII C
- Section 3 of Article XIII D
The effects of the passage of ACA 8 would be that in the near future Special Taxes, taxes intended for designated purposes that currently require a 2/3 vote of the voting public for passage could be reduced down to a passing vote of only 55%. Just a little more than half the voting public would have the power to impose taxes on property owners only. The general public would not be expected or even required to participate in paying the interest and debt to finance local defined bonded indebtedness. Section 3 of Article XIII D.
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