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>Because they paid tax on a gain that wasn’t real. You pay property tax on the assessed value of a piece of property. >As soon as you buy property, you are be
by throwaway6734 6y ago
>Because they paid tax on a gain that wasn’t real.
You pay property tax on the assessed value of a piece of property.
>As soon as you buy property, you are benefiting from prop 13 yourself.
Based on what? Newer homeowners are carrying more of the tax burden than they would have without prop 13.
- zepto 6y ago> Based on what? Newer homeowners are carrying more of the tax burden than they would have without prop 13 Yes, but as soon as they buy they start to benefit from their own taxes not rising.