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There is one limited exception: once you’re 55, you can transfer your existing property tax base (but only if the county you’re moving to allows it), but only o
by KerrAvon 3y ago
There is one limited exception: once you’re 55, you can transfer your existing property tax base (but only if the county you’re moving to allows it), but only once.
This is a ridiculous system, and there really needs to be property tax reform in CA, but it needs to be done in such a way that it doesn’t fuck over existing property owners, which is really difficult.
- chimeracoder 3y ago> but it needs to be done in such a way that it doesn’t fuck over existing property owners This is impossible. The current system is such an extreme and unsustainable transfer of wealth towards property owners that there's no way to create a sustainable (let alone equitable) system that doesn't involve current property owners giving something up.
- triceratops 3y agoEnd Prop 13 protections for all property purchases. Stop grandfathering in existing property when it's inherited. It'll really fuck over new buyers in the short-term. But it's one way to get less resistance from existing owners - who are largely voters. And the skyrocketing property taxes on new purchases might put a damper on prices.
- nradov 3y agoOne of the main reasons behind Proposition 13 was to constrain rapid growth of local government expenses, and it has been effective in that. We do need to reform it so that the tax burden is distributed more fairly, but I won't vote for ending it without some guarantees on limiting government spending.
- triceratops 3y agoHow do places without something like Prop 13 constrain the rapid growth of local government expenses? Why is limiting government expenditure a goal in and of itself? If the government is able to raise enough tax money to support that spending, and voters agree with it, why shouldn't the government spend more?