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The funny thing is, the effective new property tax rate in Oakland or SF is something like %1.2-%1.5, which is bigger than Seattle King County's tax rate of %1.
by mahyarm 10y ago
The funny thing is, the effective new property tax rate in Oakland or SF is something like %1.2-%1.5, which is bigger than Seattle King County's tax rate of %1. And Seattle has better roads than the bay area, no state income tax, a lower sales tax and has rainy weather. I don't get it.
- bzbarsky 10y ago> the effective new property tax rate in Oakland or SF is something like %1.2-%1.5 Do you mean the tax rate on new properties? Or the effective rate actually collected, given the restrictions on how much property taxes can rise, etc? I thought one problem in California was that the latter figure, which is the more relevant one, was very low as a result of Prop 13. The other problem in California is that it just seems to not spend money very well, as far as I can tell...
- mahyarm 10y agoYeah. The tax rate that is collected whenever you buy a property and 'reset' the prop 13 timer. %1 for the base rate, plus a bunch of other one off fixed charges that add up to the %0.2-%0.5 rate. People who have had prop 13 properties for decades have something like a %0.3 equivalent property tax rate.
- taurath 10y agoSeattle most assuredly does not have better roads than the bay area - I noticed a stark difference when I moved up a few years ago.