3 ms·
#4 is essentially my favorite solution to Prop 13 (although I would accept just about anything that would get rid of it). Basically, for residential properties
by kuang_eleven 6y ago
#4 is essentially my favorite solution to Prop 13 (although I would accept just about anything that would get rid of it).
Basically, for residential properties, keep the existing Prop 13 tax increase logic, but apply the difference in taxes between the Prop 13 rate and the real rate as a lien against the property, to be paid when it changes hands.
That preserves the (utterly unfounded) objection of "throwing out grandma on the street", while still recouping unpaid tax. There are some complexities with the lien happening for a very long time, like that happens when the lien matches the property value, but as long the lien is strictly called in, they should be minor.