LOS ANGELES -- A California advisory commission yesterday denounced the effects of Proposition 13 on the state's property tax system and called for reform.

"The very existence of a $17 billion tax system in California that operates unfairly is reason enough to offer improvements to it," the panel said in a new report. The $17 billion represents the statewide tax base.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.