OCTax celebrates defeat of Proposition 15

Breaking News! This morning, the Associated Press officially called California’s Proposition 15 statewide ballot measure as “rejected by voters” with almost 52% of California residents voting “no” on the measure. Although there are thousands of ballots still to count, the AP is confident supporters of Prop 15 will not be able to overcome the almost 600,000 vote lead Prop 15 opponents currently hold. This victory is especially notable in the state as…

“the measure performed far better in Democratic strongholds, including Los Angeles and the San Francisco Bay Area. But it still fell short in many areas that went solidly for President-elect Joe Biden, who endorsed it along with his running mate, U.S. Sen. Kamala Harris of California.”- AP

As one of the counties who predominately voted for President-Elect Joe Biden, No on Prop 15’s 60.66% victory in Orange County shows the impact this organization had countywide and the importance of a taxpayer advocacy group, like OCTax.

We are beyond thrilled with the local results, and are completely elated this attack against historic Prop 13 was defeated statewide.

Thank you all for your continued support!

This article was released by OCTax.

Editor’s Note: Per Ballotpedia: A “yes” vote supported this constitutional amendment to require commercial and industrial properties, except those zoned as commercial agriculture, to be taxed based on their market value, rather than their purchase price. A “no” vote opposed this constitutional amendment, thus continuing to tax commercial and industrial properties based on a property’s purchase price, with annual increases equal to the rate of inflation or 2 percent, whichever is lower.