4 ms·
No, this one: https://en.wikipedia.org/wiki/1978_California_Proposition_13 https://en.wikipedia.org/wiki/1978_California_Proposition_13 Basically, home value f
by jmgao 6y ago
No, this one: https://en.wikipedia.org/wiki/1978_California_Proposition_13 https://en.wikipedia.org/wiki/1978_California_Proposition_13
Basically, home value for property taxes gets assessed once, when you buy the property, and it can only go up by inflation after that.
- imtringued 6y agoJust replace them with land value taxes that are assessed for each block or maybe the entire neighborhood. Then split the tax bill based on the area of land owned so that you get a fixed rate per square foot.
- shagie 6y agoThe "just replace them" requires rewriting/amending the state constitution again. As long as property values are going up across the state, as a whole (of which SF is only a part of), voters tend to have a disincentive to do so.