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> This applies to everything else governed by a market, why shouldn't it apply to property taxes? Does it apply to anything else you own? If 2004 Honda Civics
by imh 11y ago
> This applies to everything else governed by a market, why shouldn't it apply to property taxes?
Does it apply to anything else you own? If 2004 Honda Civics suddenly got really popular and I already owned one, I wouldn't suddenly be priced out. Or if I own gold or stocks, and the price goes up, that doesn't affect me at all unless I sell.
- dragonwriter 11y ago> If 2004 Honda Civics suddenly got really popular and I already owned one, I wouldn't suddenly be priced out. In California, since the state has ad valorem taxation on vehicles (the vehicle license fee, which is 1.15% of the market value of the vehicle) which does not have prop. 13 style limits, you, in fact, could be priced out of your 2004 Honda Civic if the market price suddenly and radically increased.