2 ms·
It's percentage-based but against a fixed basis in the year 1991. Sort of like if everyone in California had access to a variant of Prop 13. US states usually
by scarejunba 8y ago
It's percentage-based but against a fixed basis in the year 1991. Sort of like if everyone in California had access to a variant of Prop 13.
US states usually have percentage based against a variable basis.
I prefer the UK method, personally, but the US method that California uses is quite something to behold. It freezes your property tax to the date you bought your property except for a 1% change per year.
- esotericn 8y agoIt's not percentage based at all. There's an upper band beyond which the tax rate is fixed regardless of how much the property cost in '91. Also, see the above poster's comment for an example table: https://www.cambridge.gov.uk/council-tax-bands-and-charges https://www.cambridge.gov.uk/council-tax-bands-and-charges A 200K (assessed in '91) property pays about 2.5x what a 40K (assessed in '91) property does. Not 5x.
- scarejunba 8y agoHmm, fair enough.