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The tax that gets passed along in rent is property tax, which in California is generally pretty low[1] compared to other states because of prop 13[2]. [1] http
by blang 8y ago
The tax that gets passed along in rent is property tax, which in California is generally pretty low[1] compared to other states because of prop 13[2].
[1] https://wallethub.com/edu/states-with-the-highest-and-lowest-property-taxes/11585/ https://wallethub.com/edu/states-with-the-highest-and-lowest...
[2] https://en.wikipedia.org/wiki/1978_California_Proposition_13 https://en.wikipedia.org/wiki/1978_California_Proposition_13
- conanbatt 8y agoProperty taxes are not absolutely economically incident on rent, raising property taxes will affect renters in ambiguous ways. But sales taxes definitely punish workers (and lower the income the worse), while low property taxes favor landlords.