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FTA: “All in all, the state preserves old assessments on 60,000 to 80,000 inherited properties each year” There are roughly 13 Million homes in California. It
by djrogers 8y ago
FTA:
“All in all, the state preserves old assessments on 60,000 to 80,000 inherited properties each year”
There are roughly 13 Million homes in California. It sounds like this is a fairly small problem to be evidence of a ‘feudal society’. Am I missing something?
“or 2.5 percent of total statewide property tax revenue”
Oh, nope - not missing anything. It is a small problem.
Overheated rhetoric like this article title is extremely unhelpful if your goal is to actually solve small problems. Then again if your goal is to inflame classist tendencies and generate clicks, I guess it’ll do just fine.
- AckSyn 8y agoUnfortunately there's a dearth of "articles" like this as people become more and more cynical, jealous, and overall entitled to the point of absurdity. Finding injustices where there is none is a huge problem that seems to only be getting worse.
- manfredo 8y agoI'd want to see the rate of inheriting tax status versus reassessing the tax status on sale or transfer. If this is somewhere even in the double digit range I'd consider it a substantial issue that may snowball over time. The government discrimination by the government due to an individuals' ancestry is generally regarded to be unacceptable - the times we've done this in the post have mostly been remembered as immoral and wrong.
- yodon 8y agoThe whole point is it's not about the individual home owners. It's about the trusts and businesses that own huge amounts of property and which pay easentially zero property tax because they were covered under prop 13.