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The reason you're getting downvoted is because your facts are wrong, property tax is lower for older residents because Prop 13 limits increases in assessed valu
by jdavis703 8y ago
The reason you're getting downvoted is because your facts are wrong, property tax is lower for older residents because Prop 13 limits increases in assessed value. Further new projects are saddled with a wide variety of impact fees. Overall new residents wind up subsdising old residents.
- DrScump 8y agoproperty tax is lower for older residents That's incorrect as written. Perhaps you meant to say that "for otherwise equal properties, tax is lower for owners with longer tenure in that property." It has nothing to do with owner age.