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That's because entrenched property owners are paying artificially low taxes due to prop 13. Repealing it would equalize the tax burden.
by patmorgan23 6y ago
That'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.