3 ms·
so basically rent control for homeowners, or better put tax control. if anything the law needs to be fixed but before doing so there needs to be protection put
by Shivetya 9y ago
so basically rent control for homeowners, or better put tax control. if anything the law needs to be fixed but before doing so there needs to be protection put in place so that jurisdictions cannot force people out by having punitive real estate tax rates. This usually can be done with a large deduction for the primary home. In my case; I am not in California; my home is worth X. Well the deduction in place drops its stated value by 40k which lessens any taxation.
We must understand that California was very different when laws like this were passed, they were abhorrent to a growing government. As we can see now they lost that fight and you can be sure the politicians would love prop 13 to be gone but before doing so something needs to be in place