3 ms·
> I was thinking on the way home that maybe you lock property taxes in but then you have to lock your home price as well, but that probably wouldn’t work. I th
by yonran 7y ago
> I was thinking on the way home that maybe you lock property taxes in but then you have to lock your home price as well, but that probably wouldn’t work.
I think this might be an interesting improvement on Proposition 13: you can choose to lock in your low assessed value, but then you have to sell at that assessed value or pay taxes on the difference. This would allow homeowners to opt out of the free market for property tax purposes, but without having their cake and eating it too. I believe cities or the state actually have the authority to impose price controls under the same constitutional authority that allows them to impose rent controls; see https://blog.yonathan.org/posts/2018-09-proposition-10-rent-control.html https://blog.yonathan.org/posts/2018-09-proposition-10-rent-... for details.