3 ms·
It's not low when you first buy, even for years after. Rates can effectively start around %1.5 to %1.2 percent depending on the city.
by novok 6y ago
It's not low when you first buy, even for years after. Rates can effectively start around %1.5 to %1.2 percent depending on the city.
- patmorgan23 6y agoThat's because entrenched property owners are paying artificially low taxes due to prop 13. Repealing it would equalize the tax burden.
- refurb 6y agoWhile I agree that property taxes could come down if Prop 13 was eliminated, I highly doubt that would ever happen. The gov't could never turn down a new pot of money.
- zepto 6y agoRepealing prop 13 would not reduce rates for new buyers. It would only make it harder for them to retain their properties as the taxes rise.