Public Employee Unions want to change Prop. 13 so busness property tax goes up & up more every year.

[KC6ZLV]

Originally Posted by Ultrarunner

The link does not tell the full story in that it states property tax under 13 is limited to 1% of assessed value... no one pays 1% due to the voter approved add ons… in some case it can be 60 to 80% higher.

Do you have sources to support the 60-80% higher claim? I can't think of anyplace that comes close. If there is the voters in those areas chose to vote for it and have nobody to blame but themselves.

If you want to see the tax rates across the country, large cities included, take a look at this PDF.

https://www.lincolninst.edu/sites/de...-2016-full.pdf

[CA4Now]

Originally Posted by expatCA

The vast majority of corporations and commercial entities will be hurt, as when they sell it is usually an asset sale and no benefit to the new buyer exists in property taxes.

Sure doesn't sound like it.

https://blog.thebrokerlist.com/top-1...l-real-estate/

[CA4Now]

Originally Posted by 2sleepy

Nevada has had a split roll tax system for years, no one has tried to change it.

Interesting.

[davidt1]

Originally Posted by 2sleepy

I don't think so. Nevada has had a split roll tax system for years, no one has tried to change it.

Different governments. Nevada is not controlled by greedy public employee unions and tax and spend liberals.

[2sleepy]

Originally Posted by davidt1

Different governments. Nevada is not controlled by greedy public employee unions and tax and spend liberals.

Neither of which have anything to do with what we are talking about. As often as you use those phrases they must be in the top 10 of the conservative catechism.

[Ultrarunner]

Originally Posted by KC6ZLV

Do you have sources to support the 60-80% higher claim? I can't think of anyplace that comes close. If there is the voters in those areas chose to vote for it and have nobody to blame but themselves.

If you want to see the tax rates across the country, large cities included, take a look at this PDF.

https://www.lincolninst.edu/sites/de...-2016-full.pdf

I live in Oakland California and speaking from looking at my own property tax bill for my single family home which I reside.

There are 6 more assessments on the November ballot... anyone's guess right now but history shows the Voters in Oakland tend to be very generous when it comes to taxing property and done in compliance with Prop 13.

[expatCA]

Originally Posted by CA4Now

Sure doesn't sound like it.

https://blog.thebrokerlist.com/top-1...l-real-estate/

The companies that sell either sell an asset or are not companies who have the stock sold to someone else. The buyers pay an even higher overall amount based on the selling price. Companies that do not sell, will pay higher taxes. Only a company buying another company through a stock sale currently benefit and that is rare anymore as the dollars spent are taxable as well. Buying an asset is not taxable up to a certain point. Existing companies will pay more and their money comes from ... you.

[expatCA]

Originally Posted by davidt1

Different governments. Nevada is not controlled by greedy public employee unions and tax and spend liberals.

Has no State income tax either.

[JJonesIII]

Originally Posted by davidt1

They want to go after our corporate neighbors now. If they succeed, homeowners will be next. Some homeowners are probably thinking, "It's not me they are after. I don't have anything to worry about." The thing is they will go after homeowners if they succeed with their corporate persecution. Once this precedent is set, homeowners are next. Fight against this now to protect your homeowner Prop 13.

Originally Posted by Ultrarunner

It is becoming a litmus test... especially since under Prop 13 the voters here are on track to approve 30 special property assessments in ADDITION to Prop 13...

California is already ranked low... the latest I saw is only New Jersey has a lower ranking than California's 49 spot.

There is good reason the founder enshrined in the State Constitution a prohibition on Split Tax rolls...

But if Prop 13 goes away it will mean more bureaucracy.

Yep, agree with both of these. Any talk of removing components of Prop 13 is the equivalent of a repeal, and then all bets are off (and anyone that doesn't believe that is simply gullible and the type of person that believes anything the government tells them despite all the waste and corruption that we've had over the years). Ultimately, these people are just cheerleaders for the filthy rich as this will ensure that every major metropolitan area in California will be for the 1%ers. With property taxes essentially doubling every 20 years (ours is double of what we paid when we bought) from incremental increases mostly due to special assessments that get approved every time they're put on the ballot, that couple buying that $1.3 to $1.6 million dollar home can expect to pay over $50k a year in property tax during retirement. Nothing better than getting shaken down by the government when you're relying on nothing but savings and SS. Vote "NO" for anyone or any proposition that state they will try to change Prop 13.