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Isn't 2%/year enough of a property tax increase? Why should I suddenly get a tax bill I can't afford because some idiot bought the house next door to me for too
by linkydinkandyou 11y ago
Isn't 2%/year enough of a property tax increase? Why should I suddenly get a tax bill I can't afford because some idiot bought the house next door to me for too much money, causing my "property value" to skyrocket?
- yummyfajitas 11y agoBecause you don't own your home, you are renting it from the state. The state has just discovered that it has a higher market value and can use the money to fund all sorts of cool CA government projects. Maybe one day Jerry Brown will find enough money to adopt Narendra Modi style initiatives to end open defecation.
- simoncion 11y agoYou don't appear to understand what Prop 13 means for Californian real estate owners. Either ask Google, or check my comment history for a primer.
- linkydinkandyou 11y agoI own a house in 94087, and I absolutely understand Prop 13. And if it were to fall, I'd leave CA immediately.