To: Alberta's Child
Ironically, this situation has probably accelerated California's decline as senior citizens are effectively trapped in their homes because prospective buyers of their homes would face a huge tax increase under the reassessment. Are you serious? Trapped in their homes? Have you ever lived in CA or do you now and know anything about this?
Anyone buying their home would not be assessed for the property taxes they saved under Prop 13. Prop 13 saved many elderly people from losing the homes they owned for many years and many of those elderly lived there until they passed on.
12 posted on
06/06/2013 8:33:13 PM PDT by
jazusamo
("Mercy to the guilty is cruelty to the innocent." -- Adam Smith)
To: jazusamo
If I’m a senior citizen paying $4,000/year in property taxes and the next owner of my home would pay $9,000+ in property taxes under the “reassessment,” how do I ever manage to sell the house?
15 posted on
06/06/2013 8:42:37 PM PDT by
Alberta's Child
("I am the master of my fate ... I am the captain of my soul.")
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