4 ms·
Citation otherwise this is just your biased anecdote. There’s plenty of turnover in California on par with other states. If prop 13 were somehow so powerful a
by plank_time 5y ago
Citation otherwise this is just your biased anecdote.
There’s plenty of turnover in California on par with other states. If prop 13 were somehow so powerful a factor not to sell, you would see a lot less house sales which you don’t.
In my city, half the houses were sold in the last 20 years which sounds pretty good to me. The idea that property taxes are frozen to 30 years ago and governments are starving for money is fiction.
In places like Toronto where property taxes get assessed every year, the property taxes 1/3 for an equivalent house price.
- jedberg 5y agoCalifornia could have increased their property tax revenue by 12 billion if they had passed the partial repeal last year: https://dornsife.usc.edu/assets/sites/242/docs/Updated_2019_Rev_Est_memo_Design_v5.pdf https://dornsife.usc.edu/assets/sites/242/docs/Updated_2019_...