3 ms·
As I understand, the tax difference in California is because the tax is based on the property value at the time of purchase. If it were instead based on just e.
by deogeo 7y ago
As I understand, the tax difference in California is because the tax is based on the property value at the time of purchase. If it were instead based on just e.g. area and zoning, everyone would be paying the same tax rate (barring zoning shenanigans...)