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He may be paying a much lower property tax rate in California due to Prop 13, which limits property tax increases to 2% per year as long as the property doesn’t
by CrazyStat 1y ago
He may be paying a much lower property tax rate in California due to Prop 13, which limits property tax increases to 2% per year as long as the property doesn’t change owners. If you bought a house for $200k in 1990 which is worth $1.5 million today you don’t pay anything close to 1% because of that 2% annual increase cap.