3 ms·
Whenever CA's prop 13 is brought up, I find it interesting when the article doesn't mention that commercial properties are also covered. They can be owned etern
by dv_dt 8y ago
Whenever CA's prop 13 is brought up, I find it interesting when the article doesn't mention that commercial properties are also covered. They can be owned eternally by a corporate entity instead of paying property taxes anything near resembling current commercial values. This one at least mentions it, but the odd part is that this was used as the justification of extending inherited tax rate grants to families, instead of removing it from commercial properties.