4 ms·
> after some number of decades the amount of tax owed upon sale will be far larger than the value of the property No. Show me a scenario in which that happens
by ScottBurson 10y ago
> after some number of decades the amount of tax owed upon sale will be far larger than the value of the property
No. Show me a scenario in which that happens. Remember that applying the Prop. 13 formula to the tax payments allows them to grow at 2% annually. No lien is created in the first place unless the property appreciates faster than that.