4 ms·

I'm pretty jealous of prop 13, ever increasing property taxes is brutal.

by rr888 4y ago

njarboe 4y ago
While pay taxes is a pain, having a society where people pay different property tax rates creates many problems. Imagine not wanting to move near your new job because your monthly property tax bill would double. Many of California's problems are related to prop 13. At least they recently removed the provision that you could pass your low property taxes down to your children and grand children. We were building up a nice landed aristocracy. Corporations, of course, can live for a very long time and are also covered by prop 13.
- rr888 4y ago
  I get, maybe somewhere between. I see your nj username, you probably know what its like for people once retired paying $20k for property taxes, its a big temptation to leave.
- thomascgalvin 4y ago
  > Imagine not wanting to move near your new job because your monthly property tax bill would double. Imagine having to move because your monthly property tax doubled. Our property taxes are assessed every three years, and the price of my home has gone up significantly in the four years since I bought it. These are unrealized gains; my income has not gone up a penny. But, when the assessment is made, my property taxes will skyrocket.
  - lotsofpulp 4y ago
    Imagine having to pay more for bread. Or milk. Or anything else. It is simply inflation. If we accept it in all other places of life, and renters are expected to accept it, why should land owners not be expected to accept it? If your income has not gone up in 3 years, and the purchasing power of the currency you earn income in has gone down, then you simply have to accept you will be able to purchase less. Or figure out a way to make your income go up. Also, participate in city/county/state governments and elections to make sure current leaders are limiting excessive spending from future taxpayers’.
    - rr888 4y ago
      The difference with property is that its not a consumable. In an ideal world you pay off your mortgage then you dont have to worry about housing costs much, allowing you to budget on real expenses for things you consume. If you buy a house and then the area gets more popular and expensive should you pay more even though its the same house? This is especially important for retirees. Worse if you lose you job you stop paying income tax but you have to pay property tax still. I get it if you're a regular worker paying rent its a different world but hopefully one day you'll understand.
      - lotsofpulp 4y ago
        > I get it if you're a regular worker paying rent its a different world but hopefully one day you'll understand. Understand what? Why would I think certain portions of the population should be exempt from certain types of inflation? Life is consumable. The utilities, streets, city hall workers, inspectors, everything that makes the world go round. Everything decays and needs to be brought back to order, over and over again. If the argument is that poorer people should get assistance to not be so poor (including retired people), then sure, give them cash. But I do not see why a retiree should get any more consideration for where to live than a poorer immigrant family who has not had the opportunity to save a down payment and has to rent.
        rr888 4y ago
        I'm not sure what we're arguing about here. I dont live in CA, I said I was jealous of Prop 13. I think there are benefits to capping property tax rises. Only a quarter of households rent and I support any measure to help everyone buy.
  - njarboe 4y ago
    I understand it is a big problem. It would be great if when property values shoot up then the rate would be reduced, keeping the payment about the same. Have the revenue go up a little over time. Property taxes mostly pay for schools. I read a story about funding schools in Utah. The way it was done in this district was that the district was responsible and could be trusted not to waste money. They figured out what the budget they needed each year, it was approved, and then the tax rate was set to cover the budget. This would be a great situation to live in because when property values go up a lot over a few years but the cost to run the schools don't go up much, the school district lowers the tax rate instead of trying to find ways to spend all the extra money they are getting.
triceratops 4y ago
Prop 13 is rent control for property owners. Change my mind.
- rr888 4y ago
  Probably, I said I was jealous not that it was great policy.

I'm pretty jealous of prop 13, ever increasing property taxes is brutal.

by rr888 4y ago

I'm pretty jealous of prop 13, ever increasing property taxes is brutal.

While pay taxes is a pain, having a society where people pay different property tax rates creates many problems. Imagine not wanting to move near your new job because your monthly property tax bill would double. Many of California's problems are related to prop 13. At least they recently removed the provision that you could pass your low property taxes down to your children and grand children. We were building up a nice landed aristocracy. Corporations, of course, can live for a very long time and are also covered by prop 13.

rr888 4y ago
I get, maybe somewhere between. I see your nj username, you probably know what its like for people once retired paying $20k for property taxes, its a big temptation to leave.
thomascgalvin 4y ago
> Imagine not wanting to move near your new job because your monthly property tax bill would double. Imagine having to move because your monthly property tax doubled. Our property taxes are assessed every three years, and the price of my home has gone up significantly in the four years since I bought it. These are unrealized gains; my income has not gone up a penny. But, when the assessment is made, my property taxes will skyrocket.
- lotsofpulp 4y ago
  Imagine having to pay more for bread. Or milk. Or anything else. It is simply inflation. If we accept it in all other places of life, and renters are expected to accept it, why should land owners not be expected to accept it? If your income has not gone up in 3 years, and the purchasing power of the currency you earn income in has gone down, then you simply have to accept you will be able to purchase less. Or figure out a way to make your income go up. Also, participate in city/county/state governments and elections to make sure current leaders are limiting excessive spending from future taxpayers’.
  - rr888 4y ago
    The difference with property is that its not a consumable. In an ideal world you pay off your mortgage then you dont have to worry about housing costs much, allowing you to budget on real expenses for things you consume. If you buy a house and then the area gets more popular and expensive should you pay more even though its the same house? This is especially important for retirees. Worse if you lose you job you stop paying income tax but you have to pay property tax still. I get it if you're a regular worker paying rent its a different world but hopefully one day you'll understand.
    - lotsofpulp 4y ago
      > I get it if you're a regular worker paying rent its a different world but hopefully one day you'll understand. Understand what? Why would I think certain portions of the population should be exempt from certain types of inflation? Life is consumable. The utilities, streets, city hall workers, inspectors, everything that makes the world go round. Everything decays and needs to be brought back to order, over and over again. If the argument is that poorer people should get assistance to not be so poor (including retired people), then sure, give them cash. But I do not see why a retiree should get any more consideration for where to live than a poorer immigrant family who has not had the opportunity to save a down payment and has to rent.
      - rr888 4y ago
        I'm not sure what we're arguing about here. I dont live in CA, I said I was jealous of Prop 13. I think there are benefits to capping property tax rises. Only a quarter of households rent and I support any measure to help everyone buy.
- njarboe 4y ago
  I understand it is a big problem. It would be great if when property values shoot up then the rate would be reduced, keeping the payment about the same. Have the revenue go up a little over time. Property taxes mostly pay for schools. I read a story about funding schools in Utah. The way it was done in this district was that the district was responsible and could be trusted not to waste money. They figured out what the budget they needed each year, it was approved, and then the tax rate was set to cover the budget. This would be a great situation to live in because when property values go up a lot over a few years but the cost to run the schools don't go up much, the school district lowers the tax rate instead of trying to find ways to spend all the extra money they are getting.

triceratops 4y ago

Prop 13 is rent control for property owners. Change my mind.

rr888 4y ago
Probably, I said I was jealous not that it was great policy.