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> Prop 13 freezes your tax rate when you purchase the property. Factually wrong. Prop 13 limits your tax increase to 2% per year.
by Domenic_S 3y ago
> Prop 13 freezes your tax rate when you purchase the property.
Factually wrong. Prop 13 limits your tax increase to 2% per year.
- mlsu 3y agoOK. Perhaps freezes is the wrong word. Turns it into molasses? Coagulates it? Congeals it? Property tax on a 10 year home might be half of what it should be. Property tax on a 20 year home might be a quarter. I sure would love a 75% discount on my income taxes!
- Domenic_S 3y agoYou'll have one in 20 years!