Posted on 12/27/2018 7:48:52 AM PST by Navy Patriot
Proposition 13 is untouchable.
That’s been the thinking for 40 years in California. Politicians have feared for their careers if they dared suggest changes to the measure that capped property taxes, took a scythe to government spending and spawned antitax initiatives across the country.
However, that is beginning to change. With Republican influence in California on the wane and ascendant Democrats making tax fairness an issue, advocates are confident that the time is right to take a run at some legacies of the 1978 measure.
(Excerpt) Read more at sfchronicle.com ...
Hold on to your wallets.
1. raising the tax on long time homeowners protected by Prop 13 and lowering the tax on new homeowners who experienced a step up to collect the same total property tax.
2. Just raising the tax on long time homeowners to the current rate and roll around in tax windfall.
Which will the state legislature choose?
The demographic that passed Prop 13 is but a relic in that state now.
Great, another wave of locusts spreading destruction over the Sierra is on the horizon
If prop 13 is killed you can kiss California good bye
The RATS in Commiefornia need money to support their sanctuary cities and their fresh new voting blocs from Mexico and Central America. The people out there who keep voting RAT are just throwing fire on top of the kegs of socialist TNT that will destroy their state once and for all!
It’s part of California’s constitution. I believe it would have to go to proposition. Are Californians that dumb?
Yes.
If that doesn't cause a major uptick in the exodus, nothing will.
I was there pre-Prop 13 and it seemed that every six months my mortgage escrow ticked up another $50 as housing prices went crazy. The classic "confiscation by taxation" bit appeared when, in a moment of compassion, California taxing authorities said that they wouldn't immediately seize the old folks homes due to back taxes, they would take it when they died. Many were complaining that they were paying more in taxes than in house payments.
Kalifornians = democRATS
So, yes, absolutely they are that dumb.
No need to even ask.
They will jack up the property taxes on the old folks and spend the tax windfall on themselves and their cronies.
“spend the tax windfall on themselves and their cronies”
Cronies = Illegals
The thing that we Conservative Californians have to keep a watchful eye on here is real estate values. When they attack Prop 13 they are creating a situation where they could crash RE values in fairly short order. We are signing the papers for the sale of a commercial office building we have owned in Northern California for the past 18 years today. We are going to invest the proceeds in another commercial property outside the State of California. Yeah, so long as we continue to live in CA we will be taxed here on that income, but we may not stay here a whole lot longer, so it is a first step. As I see it, the problem with property taxes is that they have become the mechanism for funding schools. Make property taxes a tax on property-related government expenses, and the issue with Prop 13’s inequities would go away.
Also, the 15% Federal Capital Gains Tax is complete bull$hit! it’s only 15% if your gain is under $1 million! Above that, it’s 20% and there are several other Federal taxes that apply when the amount of the gain is over a million bucks! Furthermore, since Capital Gains are not indexed for inflation, you end up paying taxes on the “inflated value” of your holding.
Thankfully there is a way to “exchange” your sold property for a new one without paying Capital Gains.
We have a similar law in Oregon limiting property tax increases. People on limited income were loosing their homes to taxes till the limits were put in by proposition.
Over the years they have been able to get around the limits by adding bond measures and increasing the supposed value of the home.
Stupid Oregon voters just voted in some more taxes and commie socialist governor/legislature
We are back on track to start taking peoples homes away again
Good luck conservative brethren. You live in a difficult place to be a conservative (something I understand well)
>>It’s part of California’s constitution. I believe it would have to go to proposition. Are Californians that dumb?
Jerry Brown will see to it that the 9th Circus Court rejects it and then he’ll refuse to defend it at the Supreme Court just as he did to get rid of Prop 8’s protection of traditional marriage.
Of course there is no chance they could STOP SPENDING on all the welfare and ILLEGAL parasites.
>>Over the years they have been able to get around the limits by adding bond measures and increasing the supposed value of the home.
I see so many libs who think “this is a good thing” to be told that “on paper” their home is worth much more than it actually is when they try to sell it.
I hate it here now.
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