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Could you please elaborate on what’s unfair about property taxes in California? From what I understand California has some of the lowest property taxes in the
by danhak 5y ago
Could you please elaborate on what’s unfair about property taxes in California?
From what I understand California has some of the lowest property taxes in the country and Prop 13 let owners lock in their tax basis for life.
- xyzzy_plugh 5y agoYou just described what's unfair. Prop 13 means new owners pay for their neighbors disproportionately. That's wealth transfer.
- bigthymer 5y agoLow property taxes inflate house prices. New entrants (e.g. young people) to the market have to pay these inflated prices.