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This- fixing property tax to purchase price- is exactly what California's Prop 13 did, which has ended up gutting California local governments (https://edsource

This- fixing property tax to purchase price- is exactly what California's Prop 13 did, which has ended up gutting California local governments (https://edsource.org/2022/californias-prop-13s-unjust-legacy-detailed-in-critical-study/674412 https://edsource.org/2022/californias-prop-13s-unjust-legacy...). It has resulted in lots of people who aren't paying their fair share into the upkeep of their community, and driving CA house prices insane. It's been a giant fiasco, hurting California's growth, and locking people into their house so they can't move: https://www.nber.org/digest/apr05/lock-effect-californias-proposition-13 https://www.nber.org/digest/apr05/lock-effect-californias-pr... So, not a good solution. Got another idea?

ZainRiz 4y ago
Is the claim here that the city's spending needs went up much faster than inflation? If so, why?
- codekansas 4y ago
  Not OP, but one reason could be that if a lot of early infrastructure was debt financed, cities will have an increasingly harder time paying for infrastructure maintenance over time
nradov 4y ago
California's local governments have hardly been gutted. They mostly operate like local governments in every other state. Public school spending per pupil is above the national average. The situation prior to Proposition 13 was also a fiasco with rapid increases in wasteful government spending. I would be happy to vote for reasonable reforms but only if they keep effective spending caps in place.
tracker1 4y ago
Don't really buy it. Unchecked govt spending is different than inflation, which could be accounted for in the baseline property tax rate(s). Having property taxes triple in the course of 5 years is NOT okay in any way, shape or form. This has happened to me since buying/mortgage 5 years ago. As it stands, for one-off spend and in general there are other means of taxation that can be utilized. It doesn't need to be property taxes.

ZainRiz 4y ago

Is the claim here that the city's spending needs went up much faster than inflation? If so, why?

codekansas 4y ago
Not OP, but one reason could be that if a lot of early infrastructure was debt financed, cities will have an increasingly harder time paying for infrastructure maintenance over time

nradov 4y ago

California's local governments have hardly been gutted. They mostly operate like local governments in every other state. Public school spending per pupil is above the national average. The situation prior to Proposition 13 was also a fiasco with rapid increases in wasteful government spending. I would be happy to vote for reasonable reforms but only if they keep effective spending caps in place.

tracker1 4y ago

Don't really buy it. Unchecked govt spending is different than inflation, which could be accounted for in the baseline property tax rate(s). Having property taxes triple in the course of 5 years is NOT okay in any way, shape or form. This has happened to me since buying/mortgage 5 years ago. As it stands, for one-off spend and in general there are other means of taxation that can be utilized. It doesn't need to be property taxes.