4 ms·
> (low property taxes AND they never increase) Under Prop 13, property taxes go up 2% every year. Sure, that doesn't quite keep up with appreciation in boom y
by jjav 8y ago
> (low property taxes AND they never increase)
Under Prop 13, property taxes go up 2% every year.
Sure, that doesn't quite keep up with appreciation in boom years, but not the same as "never increase".
- Redoubts 8y agoI wish my tax burden was capped under inflation.
- TheCoelacanth 8y agoA 2% nominal increase every year is a decrease every year in real terms. Annual inflation has averaged above 2% every decade since the 30s, often far above 2%[1]. [1] https://inflationdata.com/Inflation/Inflation_Rate/Long_Term_Inflation.asp https://inflationdata.com/Inflation/Inflation_Rate/Long_Term...