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If you bought 20-30 years ago when housing prices were more reasonable but due to bubbles created by the Government your property increased in value from 150k t
by gscott 10y ago
If you bought 20-30 years ago when housing prices were more reasonable but due to bubbles created by the Government your property increased in value from 150k to 600k your property taxes now would be about $800 a month. Living in San Diego you cannot really buy a house for less then 500k. Raising everyone's property taxes to this level would essentially evict many millions of homeowners. Prop 13 is a good thing there are plenty of taxes already including a very high income tax, property tax addons (extra fees besides the main tax), sales taxes, prepared food taxes, lighting and fixture taxes on businesses, sewer tax, and many other thousands of taxes for the the California Government to mismanage.