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Prop 13 allows the tax rate to be inherited. Fixing this loophole will be a simple first step for fairness.
by mavelikara 6y ago
Prop 13 allows the tax rate to be inherited. Fixing this loophole will be a simple first step for fairness.
- dragonwriter 6y ago> Prop 13 allows the tax rate to be inherited. No, it allows transfer of property to certain relatives without full-value reassessment. Rates aren't any different than anyone else in the same jurisdiction pays, it's the assessment that is the issue.
- mavelikara 6y agoYou are right. I don't know why I wrote rate; what I meant is that the lower assessment can be inherited. That, I suspect, is the selfish reason many in this thread are asking "why do you want my parents out of their house"?