4 ms·
One of the actual major tax problems in CA is that property taxes are not equally applied. I bought my house in 2017 and pay well in excess of $10,000 a year in
by skrbjc 5y ago
One of the actual major tax problems in CA is that property taxes are not equally applied. I bought my house in 2017 and pay well in excess of $10,000 a year in property taxes. But guess what? My neighbors who bought their houses in the 90s pay far less than half of that despite their houses being twice the size and worth far more than my home. Prop 13 has been a terrible thing for California over the long run and has served to inflate housing prices while trapping people in their current home because selling it and moving would force them to immediately increase their tax burden by a significant amount.