S.F. lost almost $450 million in revenue last year thanks to Prop. 13

Californians saved about $12.5 billion in taxes in 2015 due to Proposition 13, according to a new study from Trulia. The study looked at how much tax payers would have owed last year if voters had not passed the 1978 tax measure which keeps a 1 percent ceiling on property taxes and a 2 percent