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No, this doesn’t happen in other states that don’t have Prop 13. Instead in California the property tax burden is shifted to new home owners, young families jus
by CalChris 9y ago
No, this doesn’t happen in other states that don’t have Prop 13. Instead in California the property tax burden is shifted to new home owners, young families just starting out.
- linkregister 9y agoIt does happen in other states, though not to the extent it was happening to seniors in California when the measure was enacted. Just because it’s a real phenomenon doesn’t mean they had to adopt the most destructive solution I’ve seen. Other states have a deep discount for seniors’ property taxes, while others have a lien on the property that the buyer has to pay (thus reducing the sale price). Other states just have very low tax increases due to stagnant property values.