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> Do a little research. If you move in CA and you're over 55, you can now keep your property tax bill. Previously it was only certain counties that honored that
by Manuel_D 3y ago
> Do a little research. If you move in CA and you're over 55, you can now keep your property tax bill. Previously it was only certain counties that honored that; now it's all of them.
This is incorrect, there are still county restrictions. Counties must opt-in to the tax transfers, and the purchased home must be of equal or lesser value. 10 of California's 58 counties permit it, most do not because they don't want to miss on tax revenue.
> Again, do some research. Prop 13 passed in 1978, 45 years ago. The number of current homeowners who bought before then is vanishingly small. House prices were escalating before 13 passed, and the jumps in property taxes were in fact a prime reason why it passed.
This is not relevant at all. The point is that people's effective property tax goes down over time, regardless of whether they bought before or after prop 13 was passed. Someone who bought a house in 1990 is probably paying less than a third of the normal property tax.
> there are all kinds of reasons why there's too little building. Grandfathered house values are only one of them. Regulations and high costs are much more important.
Great, we should eliminate restrictive regulations and Prop 13!