3 ms·
LOL..."Highest Tax Rate" in the country. This is the state which passed Prop 13 -- locking property tax rates at 1970's levels. The decline in property tax reve
by Drunk_Engineer 5y ago
LOL..."Highest Tax Rate" in the country. This is the state which passed Prop 13 -- locking property tax rates at 1970's levels. The decline in property tax revenue is why parents are having to self-fund school programs.
- gopher_space 5y agoThis is exactly the scenario prop 13 was designed to create.
- thethimble 5y ago> decline in property tax revenue Wait property tax is a percentage of assessed value - not a fixed amount. Property tax revenue has increased pretty reliably since 1978. https://dailybruin.com/2017/01/11/ucsa-campaign-aims-to-reform-prop-13-to-increase-uc-funding https://dailybruin.com/2017/01/11/ucsa-campaign-aims-to-refo...
- closeparen 5y agoThe cost of provisioning public services depends on the cost of paying workers to live here, which has done a lot more than "increased pretty reliably."
- Drunk_Engineer 5y agoUnless the property is sold, Prop 13 caps the increase at no more than 2% annually. So if you have owned a home for more than 10 years, the tax basis is probably way lower than market value -- particularly in a place like Marin County.
- mcntsh 5y agoCalifornia has the highest tax revenue in the union; both per capita and gross. Tax revenue is not an issue in California.
- deleted 5y ago[deleted]