3 ms·
There 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
by x3n0ph3n3 6y ago
There 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...