Art. XIII, § 22
Cap on state property tax revenue
Limit
Taxes, Money & Commerce
Art. XIII · Taxation
Official text rightpowerlimitif conditionlegal term
Not more than 25 percent of the total appropriations from all funds of the State shall be raised by means of taxes on real and personal property according to the value thereof.
History: Sec. 22 added Nov. 5, 1974, by Prop. 8. Res.Ch. 70, 1974.
Simplified explanation
Not more than 25 percent of the State's total appropriations from all funds may be raised by taxes on real and personal property according to its value.