SDCTA Supports Prop 13 - Seismic Retrofitting Measure, 2010
Prop 13 attempts to rectify inconsistencies (and inequities) with property tax exclusions for seismic retrofitting that have stemmed from these two past propositions. By doing so, it creates a widespread standard that makes it easier to determine what justifies a reassessment. The measure also incentivizes property owners to voluntarily employ seismic standards. The impact of this measure is likely to have a "negligible" fiscal impact.