In the midst of a struggling national and state economy, rental property owners and managers in California are being targeted for billions in higher taxes.  With California’s budget deteriorating and state revenues continually decreasing, Sacramento politicians and special interests are desperate to find new streams of revenue. 

• Split Roll Property Tax – allows counties to reassess rental and commercial property annually based on its current market value.  By reassessing residential rental property on an annual basis, a split roll system would cost California rental housing providers billions in new taxes.
  
  
• Local Tax Measures - reduces the threshold for local parcel and special taxes from two-thirds to 55%.  This would make it far easier for local governments to pass a variety of taxes on rental property owners, including a per unit parcel tax.
  
  
• Business Net Receipts Tax (BNRT) - levies a 4% tax on the gross receipts of any business and limits the deductions that can be made.  This can significantly increase the tax liability of rental property owners.

These taxes will hurt renters, rental housing providers and California’s already struggling economy.