4 ms·
CA voted in an effective freeze to property taxes back in the 1970s, with property tax increases being capped at 1% per year and the rate being transferable to
by village-idiot 8y ago
CA voted in an effective freeze to property taxes back in the 1970s, with property tax increases being capped at 1% per year and the rate being transferable to your children. This has created a landed aristocracy in CA cities of those paying well less than the normal rate in taxes, badly distorting the market and local economies (no property tax, no services), resulting in lots of silly policy choices.