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The cities will have increased property taxes (at full rate, not 1978 rates) which they can use to expand services. It'll take a few years of pain, but that's t
by arrosenberg 4y ago
The cities will have increased property taxes (at full rate, not 1978 rates) which they can use to expand services. It'll take a few years of pain, but that's the price cities like Santa Monica get to pay for trying to avoid doing their fair share.
- dragonwriter 4y ago> The cities will have increased property taxes (at full rate, not 1978 rates) which they can use to expand services. No, the maximum property tax rate is much less than the 1978 rates under Prop 13 rate caps, which is the reason Prop 13 led to local government being dependent on state funding transfers. You mean taxed based in full value for the first year, then decaying (as a share of full value) thereafter, because of the Prop 13 assessment increase limit to the lower of 2% or the rate of inflation. But maintenance cost increases over time aren't capped the way prooertt taxes are, even if property taxes were adequate to initially maintain infrastructure.