4 ms·
It 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 pheno
by linkregister 9y ago
It 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.