4 ms·
> 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
by 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.