You could be tempted to vote “sure” on Prop. 15, the initiative that seeks to boost property taxes on business property (above $3 million). Some say, “Oh why not tax the rich enterprise house owners?” Prop. 15 would change the regular will increase in property taxes on business property established by Prop. 13, with enormous will increase. Prop. 15 can have a direct damaging affect on many small companies, as business property house owners will move alongside larger taxes to small companies like eating places and salons that hire from them. That is particularly troubling after these companies have been so exhausting hit by the pandemic.
Our household enterprise in Soquel has been paying federal, state and native property taxes for 87 years. We’re not a big enterprise, but Prop. 15 would enhance our property taxes by an element of 6 in 5 quick years. I urge a “no” vote on 15.
— John Bargetto, Soquel
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