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The other situation would be California's Prop 13, which locks down property tax rates to when you bought the house. It keeps long term residents in, but has ha
by zamnos 4y ago
The other situation would be California's Prop 13, which locks down property tax rates to when you bought the house. It keeps long term residents in, but has had some unexpected consequences and its part in California's housing crisis is not to be ignored.
https://edsource.org/2022/californias-prop-13s-unjust-legacy-detailed-in-critical-study/674412 https://edsource.org/2022/californias-prop-13s-unjust-legacy...
- tclancy 4y agoThat's really weird though, because it can be passed down to heirs, right?