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So people who bought their houses at a time they could afford them and are retired on a fixed income can have their property confiscated by the government when
by codycraven 9y ago
So people who bought their houses at a time they could afford them and are retired on a fixed income can have their property confiscated by the government when they can't pay the outrageous property taxes on their home's "value"...?
- ericd 9y agoThat is the propaganda that was used to pass Prop 13. But there are much less heavy-handed ways of achieving that, if that's your real goal. An age-based homestead exemption, for example. Meanwhile, we could start taxing the golf courses and corporate HQs that are still paying mid-70s rates.
- s0rce 9y agoI think this is a false premise, they don't need to stay in houses, if we actually built stuff they could move into smaller condos when retired. Easier access to ammenties, less stairs, less maintenance. All my grandparents in Canada did this. 2nd option, if you firmly believe that everyone must stay in their home until death then you simple offer tax exemptions to elderly with low income for their primary residence. I would be surprised if low income retires represented the majority of the "winners" of prop 13. Big corporations and upper/middle class landowners.