Ad valorem tax; qualified low-income building projects may be classified as a separate class of property; provide - CA

Summary

The measure proposes a constitutional amendment that would allow qualified low‑income housing projects to be classified separately for ad valorem tax purposes, with their own rates, methods and assessment dates. It would also add trailers, certain mobile homes, and non‑resident heavy‑duty equipment to the list of property classes that can be taxed differently. Voters would decide the amendment in a future statewide ballot.

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