Prop 13

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Prop 13 passed in California in 1978. But even today, more than a quarter of a century later, it's still blamed for many of the state's problems like hospital closures, cuts in law enforcement and suffering schools.
Some of the same arguments are surfacing now in Nevada. Assemblywoman Angle says there is no basis for these concerns, and she says if you want proof, talk to Californians who think Prop 13 was a very good thing.
"Prior to that, taxes were climbing so fast and furious that for a lot of seniors on fixed incomes, they couldn't afford the tax anymore, so they were losing their homes."
Twenty seven years ago, Pat Olivetti says voted for California Prop 13 because of sky rocketing property taxes. Now she lives in Hidden Valley, and says the tax initiative also makes sense for Nevada, especially as home prices continue soar. So she's supporting Assemblywoman Sharron Angle's efforts to collect more than fifty thousand signatures to put the initiative on the 2006 Nevada ballot.
"Many people that have moved over here from California say, don't you have a prop 13?" says Angle. "Can't we be protected from losing our home? And we really have to say there's really nothing."
Angle's Initiative would set the property tax rate at 1 percent of a home or businesses taxable value in 2003. It would also cap rate hikes at two percent a year and freeze the value of a home or business at 2003 prices, which will only reappraised if they're sold.
But the measure will face some tough opposition. Governor Kenny Guinn along with many State Lawmakers have already expressed concerns about California-style tax relief for Nevada. That's one of the reasons why they passed a "tax cap" for property owners back in April.
AB-489, which capped taxes at 3% for homeowners and 8% for business owners, was approved to protect Nevadans from increases in their taxes while also making sure that funds would be available for schools and local services. The only vote against it was from Assemblywoman Angle.