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My understanding is that they put a cap on property taxes that fund the infrastructure and then turned around and said there is no money for infrastructure.
by mcny 5y ago
My understanding is that they put a cap on property taxes that fund the infrastructure and then turned around and said there is no money for infrastructure.
- seanmcdirmid 5y agoIsn’t it a chicken and egg problem? The only way to fund the new infrastructure to accommodate growth that will bring in property taxes to fund it in the future is via debt or impact fees. Either can be difficult for local governments to do. Also voters are often given lots of say, people who don’t want density get entrenched and vote for local leaders who are like minded.
- mateo411 5y agoSort of. Property taxes can only increase at ~2 percent a year due to Prop 13. However, people are still buying and selling houses. The people who have recently purchased a house pay high property taxes, because the property is expensive.