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Watch a quick history of Prop. 13—the initiative that slashed property taxes and helped the wealthy

The backstory of one of the most important ballot initiatives ever passed in the state As a proposition-rich election bears down on Californians (especially Angelenos), the New York Times's Retro Report is taking a look back at one of the most important ones ever passed in the state, Proposition 13. The measure slashed property taxes for land owners, and amounted to "an assault on the property-tax structure in California," the Times writes.
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