What is a “split roll” property tax system?

A "split roll" property tax system is a type of property tax system used primarily in the state of California. It refers to how the tax rate for businesses and commercial property owners is different than the tax rate for homeowners. The "split roll" system splits the tax rate between residential properties and other types of properties such as commercial, agricultural, and industrial. Under the split roll system, businesses and commercial property owners are taxed differently than homeowners and residential properties. Instead of taxing all property owners at the same rate, the split roll system taxes businesses and commercial properties at a higher rate than homeowners. This means that some businesses and commercial property owners pay more in property taxes than homeowners. The purpose of this system is to ensure that businesses and commercial property owners bear a greater share of the property tax burden than homeowners. This system also encourages businesses to invest in property and helps the state of California generate more revenue. The split roll system is an important component of California’s property tax law. It helps the state to generate more revenue as well as to ensure that businesses and commercial property owners share the property tax burden with homeowners.

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What is a “split roll” property tax system?

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