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The thing I was getting at is in other states, maybe all states, they calculate the estimated value and you pay property taxes for land based on that. But with
by rnk 5y ago
The thing I was getting at is in other states, maybe all states, they calculate the estimated value and you pay property taxes for land based on that. But with california's special prop 13 system, you don't have to pay more as a property increases in value. Thus the tremendous value of these systems that transfer ownership but avoid that 'tax re-value'. In other places, you can't avoid paying higher taxes as places increase in value, generally.