What is Prop 8?
Prop 8 is also known as the Proposition 8 or the California Marriage Protection Act. The Act was passed in the state elections on November 2008. Prop 8 is all about a new provision added to the California Constitution, Section 7.5 of the Declaration of Rights. The provision aims to do away with same sex marriage. It states that only a man and a woman is legally binding or accepted for marriage in California. Prop 8 was a ballot proposition fought by “Yes on 8” and “No on 8” groups of voters. The “Yes on 8” group is composed of people who were induced by their religious beliefs and conservatism. People with this group believe in the heterosexual and monogamous type of marriage. They argue that the United States was established by the Judeo-Christian morals. Many organizations supported the “Yes on 8” group. Some of the organizations are as follows: • The National Organization for Marriage (NOM) • The Church of Jesus Christ of Latter Day Saints a.k.a. Mormon Church • A group of conservat
Revenue and Taxation Code Section 51 requires the assessor to enroll the lower of either the property’s Factored-Base-Year Value (established under Proposition 13) or its market value as of the lien date (Jan 1). This reduction is temporary and the assessor is required to review the market value of the property each lien date after the reduction until such time as the Factored-Base-Year Value is less than or equal to the market value. When the Factored-Base-Year Value is again enrolled, the property is no longer subject to the annual review, and will receive indexing not to exceed 2% per year.
