Who will pay for Prop. 15’s split rail tax initiative?

As I sit here in my home office — a conversion of the third stall of our garage — crafting this column, my thoughts reflect on 2019. So long ago, it seems, yet in reality only eight short months hence.
This time last year, I wrote about a brewing change in the way commercial real estate is assessed and taxed in California. Akin to observing the massing clouds in the local mountains, those in our industry could sense a storm.
Presently, Proposition 13 requires all real estate statewid