The California Schools and Local Communities Funding Act of 2018 is an initiative constitutional amendment eligible to appear on the November 2020 California statewide ballot that would raise taxes by amending Proposition 13 to require the reassessment of commercial and industrial properties at market value, including commercial and industrial property owned by a natural person. Residential properties are excluded from this potential policy, and would continue to be reassessed under the original requirements of Proposition 13 (when property ownership changes or when new construction is done). Property tax rates would not change, and there would be a qualified exception for some small businesses. This measure will appear on the ballot for the 2020 California elections as Proposition 15.