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Imagine a retiree living in their own home sees a sudden increase in property tax bill due to the rise of the market prices in the neighborhood. Without prop
by emcma 7y ago
Imagine a retiree living in their own home sees a sudden increase in property tax bill due to the rise of the market prices in the neighborhood.
Without prop 13, many people in that scenario will be forced to move away from their own home.
The original idea of prop 13 is to protect home ownership. It sounds good but it is being applied to people that have “house” ownership not home ownership.
Prop 13 should really be changed such that only if a homeowner living in the same house could pay the tax derived from the purchase price. If you rent out the property, you should pay the tax derived market price. If the property is a vacation house and not the primary home, the owner should pay the tax derived from the market price.
Commercial properties should always be paying the market price.
- dragonwriter 7y ago> The original idea of prop 13 is to protect home ownership. No, the original idea of Prop 13 was a Norquistian “starve the beast” approach to government. The big original sales pitch for Prop 13 was to stop old people on fixed incomes from having to sell their homes because of taxes, but if that was the motivation rather than the sales pitch, it would never have applied to anything other than owner-occupied primary residences; instead, it applies to all real property regardless of use or ownership.q
- masonic 7y agoThere have been many times (including right now) that the Democrats had complete control (Governor and supermajorities in the Legislature) and could have passed a split-roll amendment, which would then need only 50%+1 of voters to pass. They never have. Ask yourself: why not?
- jedberg 7y agoThey did. It’s on the ballot in 2020.
- jedberg 7y ago> Imagine a retiree living in their own home sees a sudden increase in property tax bill due to the rise of the market prices in the neighborhood. Without prop 13, many people in that scenario will be forced to move away from their own home. This is a red herring by the anti-tax zealots. Somehow in the 49 states without prop 13 this doesn’t happen. Worst case, the retiree can downsize their home and cash out their equity, freeing what is most likely an oversized property for a younger family, or they can take out a home equity line to pay the taxes.
- JMTQp8lwXL 7y agoThe state could've just enacted a policy to give rebates to home-owning retirees, instead of turning homes into this Christmas special's length of multi-generational preferential tax treatment. If this policy is truly about "not kicking out Granny because she's old and not working and the property is worth more", there is zero reason to not force a reassessment when the kids or grandkids inherit the home.