3 ms·

Proposition 13 as a whole needs to go, it has horribly distorted the market, and moved the property tax burden onto those who own the least land. Meanwhile, sch

• dragonwriter 8y ago
  > Proposition 13 as a whole needs to go Well, the limitation on increases in tax basis value probably needs to go, but I think the case is less clear for the tax rate limits and other parts of it.
  • Decade 8y ago
    The tax rate limits have also turned out to be problematic. They limit how much taxes can be, relative to property value, but they haven’t limited taxes overall. We now have a whole lot of parcel taxes, and Mello-Roos taxes, where a stick hut pays just as much as a mansion, to pay for a lot of city services. It’s incredibly regressive.
• allsunny 8y ago
  Do you know of studies of what the effect would be if it was removed? I think it's a third-rail sort of thing... but also, I think the larger issue is really the supply problem.
• pchristensen 8y ago
  More relevant, it has made it economically unattractive for municipalities to zone for or approve housing construction (housing is a net loser generally because of school district costs, and Prop 13 just torpedoes future school funding) and only allow commercial or office development. That's why cities with market power in the Valley (Palo Alto, Mountain View, Sunnyvale) have 3+ jobs per resident.