3 ms·
So exempt primary residences from large tax hikes. The original promise of Prop 13 was to protect grandma from having to sell her home due to rising property v
by pyoung 10y ago
So exempt primary residences from large tax hikes. The original promise of Prop 13 was to protect grandma from having to sell her home due to rising property values. But there have been some pretty bad side effects and a lot of the benefits are going to the commercial property owners and wealthy individuals and landlords.
- IOT_Apprentice 10y agoBut the original promise actually to protect people with larger property holdings like apartment complexes and condominium complexes.
- tostitos1979 10y agoThis could have been solved by square footage or price floors. If grandma lives in a mansion, maybe she should be paying her share :)