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The reason California has the highest sales and income taxes is that it has the lowest property tax. People who have held property for a very long time are taxe
by lern_too_spel 7y ago
The reason California has the highest sales and income taxes is that it has the lowest property tax. People who have held property for a very long time are taxed very little relative to how they would be taxed in other states, and people who are new are taxed a lot.
- fortran77 7y agoCalifornia does NOT have the lowest property tax. It is very distasteful for you to try to win an argument by lying. http://www.tax-rates.org/taxtables/property-tax-by-state http://www.tax-rates.org/taxtables/property-tax-by-state And if you rank the states by percentage revenue from property tax, you'll see they are right in the middle https://www.urban.org/policy-centers/cross-center-initiatives/state-and-local-finance-initiative/projects/state-and-local-backgrounders/property-taxes https://www.urban.org/policy-centers/cross-center-initiative...
- AnimalMuppet 7y agoIt is also very distasteful to accuse others of lying. It's about the least charitable assumption you could make, and therefore against the site guidelines. Not everyone who disagrees with you is lying. Not everyone who disagrees with you and is factually wrong is lying. Some repeat what they've heard. Some just lazily assume without doing the research. Some mis-remember. State that they're mistaken. Cite the evidence. But don't claim that they're lying unless you can prove that they are deliberately stating what is false.
- generalpass 7y ago> California does NOT have the lowest property tax. It is very distasteful for you to try to win an argument by lying. (moderators @dang) > http://www.tax-rates.org/taxtables/property-tax-by-state http://www.tax-rates.org/taxtables/property-tax-by-state > And if you rank the states by percentage revenue from property tax, you'll see they are right in the middle > https://www.urban.org/policy-centers/cross-center-initiative.. https://www.urban.org/policy-centers/cross-center-initiative.... Since the California median home price is more than double the national average for median home prices, your two claims seem clearly to not tell the whole story. What prop 13 does is keep tax rates from increasing beyond a very small percentage of the original purchase price. Thus, property values increase by a lot while taxes collected do not. So the first sentence is sort of true. Anecdotal, but a guy on my street purchased his property with no house on it in the 70s and pays like $100 per year even though it is easily worth over a million, which will heavily skew the stats. The second sentence is completely true: > People who have held property for a very long time are taxed very little relative to how they would be taxed in other states, and people who are new are taxed a lot.
- dang 7y ago> It is very distasteful for you to try to win an argument by lying Whoa. Please edit personal swipes out of your comments here. Your comment would be fine without that bit. https://news.ycombinator.com/newsguidelines.html https://news.ycombinator.com/newsguidelines.html
- lern_too_spel 7y agoIt is very misleading of you to post aggregate statistics when people who have owned property a long time pay very different property taxes from people who have not, as I stated in my earlier post.
- neilparikh 7y agoThe property tax in Palo Alto is 0.42%, which is less than 48 states in US. So, not dead last, but I think you can agree that it's pretty close.