split roll

American  

noun

Economics.

1. a taxation under which real-estate taxes on business and industrial buildings are levied at higher rates than on residential homes.

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Example Sentences

After three split roll calls, Supervisor Kenneth Hahn changed his mind and provided Philibosian the vote he needed.

From Los Angeles Times

Proposition 15 would have created a “split roll” system, in which residential property would continue to be shielded from tax increases but commercial property would not.

From New York Times

Property management firms, business lobbies and real estate developers contributed more than $50 million to defeat Proposition 15, which would have created a “split roll” to allow more frequent assessments of commercial and industrial property.

From Los Angeles Times

Instead, the ballot measure asked voters to embrace the most talked-about idea for changing Proposition 13, a “split roll” of business properties that could be taxed based on market value.

From Los Angeles Times

Supporters of the split roll idea carefully chose their timing, believing the fall election this year would attract a high turnout of voters sympathetic to the idea of a tax increase on big business.

From Los Angeles Times