3 ms·

ofcourse it is talked about, but is a losing proposition as most homeowners wouldn't stand for it. Renters don't make up enough to oppose it. https://en.wikiped

ofcourse it is talked about, but is a losing proposition as most homeowners wouldn't stand for it. Renters don't make up enough to oppose it. https://en.wikipedia.org/wiki/California_Proposition_13_(1978)#Effect_on_public_schools https://en.wikipedia.org/wiki/California_Proposition_13_(197... In some cases this keeps rent low as homeowners with 2 houses paying low property taxes can afford to charge lower rents.

dba7dba 9y ago
It however has the unintended consequences of making housing unaffordable for their CHILDREN when they grow up and have their own families. But I don't think many house owners stop and think about that when trying to avoid that property tax.
- hiram112 9y ago
  Not 'their' children. It appears you can pass the home to a child or grandchild and the home is not reappraised at the actual market value. So now you've just created a new aristocracy based on hereditary privilege.
  - DrScump 9y ago
    Rent control can be similarly inherited, as demonstrated by a court case in SF last year.
    - ajr0 9y ago
      I am interested in this case, can you share the details?
- yonran 9y ago
  The Proposition 13 tax assessment can be inherited. If you have at least as many houses as family members, then your family benefits indefinitely from supply restrictions and Proposition 13. See the Legislative Analyst’s Office Report on the Property Tax Inheritance Exclusion (http://www.lao.ca.gov/Publications/Report/3706 http://www.lao.ca.gov/Publications/Report/3706) and my own how-to (https://blog.yonathan.org/posts/2017-10-transferring-prop13-assessed-value.html https://blog.yonathan.org/posts/2017-10-transferring-prop13-...).
  - usaar333 9y ago
    The problem though is that most children need their parents home before the parent wants to depart theirs.