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California limits increases in property taxes to 2% for this reason. More generally, property owners vote at a high rate, so governments will usually be less ag
by erehweb 2y ago
California limits increases in property taxes to 2% for this reason. More generally, property owners vote at a high rate, so governments will usually be less aggressive in increasing property taxes. Of course, they still go up, but it's generally less of a risk.
- vlovich123 2y agoCalifornia’s approach privileges people who have lived in California in the past over the affordability of housing for people working today. It’s got its own popularity issues.
- sroussey 2y agoIt’s very similar to rent control in that way.