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To: cuban leaf
Prop 13 is the only thing that keeps the productive in this state. I've never been able to noodle out why it didn't spread to other states, but the property tax benefits to those who've been a long time home owner here are enourmous. It is literally an anchor that keeps people in an otherwise untenable state.

If there wasn't a Prop 13, my property taxes would have been around $6000-7000/year at the top of the real estate market as opposed to the ~2000/year they are currently (in a condo).

If they managed to get enough votes to overturn Prop 13 this place would empty in about 2-3 years max, you literally couldn't handle the tax increases that would immediately follow.

4 posted on 08/17/2012 7:50:23 AM PDT by Axenolith (Government blows, and that which governs least, blows least...)
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To: Axenolith

But if you sell your home and move to a different one in the state, doesn’t everything get based on the point at which you bought the new home? That is, does it kinda force you to stay in the same place?


5 posted on 08/17/2012 8:58:08 AM PDT by cuban leaf (Were doomed! Details at eleven.)
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