CA SB1021

Authorizes school districts to impose qualified special taxes on a per parcel basis, according to square footage of parcels or improvements, or based on property classification (commercial, industrial, single family residential, or multifamily residential).

Requires that properties within the same classification be taxed at the same rate, with a restriction that commercial or industrial property tax rates cannot exceed two times the rate imposed on single family residential property.

Permits school districts to tax unimproved property at a lower rate than improved property.

Allows school districts to treat multiple contiguous parcels under common ownership that constitute one economic unit as a single parcel for tax purposes.

Maintains existing exemptions from school district special taxes for persons age 65 or older, persons receiving Supplemental Security Income for disability, and persons receiving Social Security Disability Insurance benefits with income not exceeding 250 percent of 2012 federal poverty guidelines.