On the surface, it may look like the Tax Cuts and Jobs Act is bad for real estate. The reduction in the deductibility of mortgage interest and the combined $10,000 cap on state and local tax (SALT) deductions for income, sales, and property, along with the elimination of moving expense deductions would make a compelling argument. But after digging through the fine print, the outcome is that real estate may actually be the big winner.

One of the key Ionic reforms of Proposition 13 was the two-thirds vote required to change any sales or parcel tax increases. Below are some of the Bills (and their authors) currently awaiting a vote that are DIRECT ATTACKS against this iconic measure.

After settling a strike that galvanized support for long-neglected public schools in America’s second-largest school district, the Los Angeles teachers union is turning its sights on major new sources of sustained education funding.

Prop 13 is once again under attack. It is now being challenged by The League of Women Voters, The California Federation of Teachers, Civil Liberties Union of Southern California., and PICO.  This proposed amendment to Prop 13 called the “Split Roll Tax” would tax commercial retail, office and industrial property based upon the properties annual fair market value. Some small business and agricultural properties could be exempt. Residential properties are not supposed to be affected.