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But if you still live in said house, you're actually LOSING money because of the increased property taxes.
by yzzxy 12y ago
But if you still live in said house, you're actually LOSING money because of the increased property taxes.
- ben1040 12y agoCalifornia law has put caps on the increase of assessed values, and a full re-assessment only happens when the property changes hands. http://en.wikipedia.org/wiki/California_Proposition_13_(1978) http://en.wikipedia.org/wiki/California_Proposition_13_(1978... So if you've owned a property since the 70s you're most likely paying less in taxes than someone who'd buy it from you today.