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Note that California was excluded due to prop 13 heavily weakening reassessments. I generally dislike the law (favors old homeowners over new), but I had never
by usaar333 6y ago
Note that California was excluded due to prop 13 heavily weakening reassessments. I generally dislike the law (favors old homeowners over new), but I had never considered until reading this article that removing power from property assessors could itself lead to more socially just outcomes on different metrics.
- x3n0ph3n3 6y agoThere are some major issues with prop 13 in that it allows people to set up a paper company to own a piece of property, then sell the paper company rather than the property in order to avoid tax reassessment.
- foogazi 6y agoThe loophole is that properties owned by corporations are not reassessed when the corporations are sold There is already a measure on the ballot to reform prop 13 https://www.sfchronicle.com/politics/article/California-measure-to-reform-Proposition-13-15304408.php https://www.sfchronicle.com/politics/article/California-meas...