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New Report Exposes Huge Loopholes in Commercial Property Tax Assessments, Costing California Hundreds of Millions in Revenue
Submitted by dlagstein on 18 May 2010 - 2:58am
On Thursday, May 6th ACCE and the California Tax Reform Coalition released a report that shows a huge failure in California’s tax system that is allowing commercial property owners to pay far less in property taxes than they should, causing a growing shift in the State’s property tax burden from commercial to residential property tax payers.
ACCE is working to make sure that corporations "get right", and pay the level of property taxes they should, so that our cities, counties and school districts don't continue to miss out on this much needed revenue!
"Regular Californians are watching our schools, parks, and streets crumble while California's largest banks and corporations fail to pay their fair share of taxes", said ACCE member Edgar Hilbert. "We are paying our fair share, we are only asking that they pay theirs."
Download the full report here: [System Failure: California's Loophole-
Ridden Commercial Property Tax]
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