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Old 10-05-2018, 12:24 PM
 
Location: la la land
27,147 posts, read 11,338,839 times
Reputation: 19269

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Quote:
Originally Posted by Grlzrl View Post
No, it's more like younger homeowners are subsidizing older ones.
Everyone who buys a house in California is at some point subsidizing people who bought a home before them. The option is to price people out of their homes with large increases in property tax and that's something that most people in California do not support.
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Old 10-05-2018, 12:30 PM
 
1,287 posts, read 288,534 times
Reputation: 1120
Quote:
Originally Posted by 2sleepy View Post
Everyone who buys a house in California is at some point subsidizing people who bought a home before them. The option is to price people out of their homes with large increases in property tax and that's something that most people in California do not support.
I am not necessarily opposed to Prop 13. I get the idea behind it and I think it is valid. Not to mention I own a home there and it's nice not to have to worry about getting blindsided by a huge tax increase like we all got in Illinois.
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Old 10-10-2018, 12:58 PM
 
25,800 posts, read 49,685,561 times
Reputation: 19243
When I was in Washington State I paid almost the exact assessed value for my home... Eighteen months later I-747 was tossed out... my taxes increased 80%.

This meant $1000 a month property tax.

Really made me rethink the blessing of Prop 13 which applies to all taxable property in the state equally in California... plus with voter approval... special assessments are over and above Prop 13.

Only 55% voter approval for a new school... doesn't sound bad to me having to go to the voters when more money is desired.
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Old 10-10-2018, 01:15 PM
 
Location: El Pueblo de Nuestra Señora la Reina de los Ángeles del Río Porciúncula
13,545 posts, read 14,037,847 times
Reputation: 9663
Quote:
Originally Posted by Ultrarunner View Post
Really made me rethink the blessing of Prop 13 which applies to all taxable property in the state equally in California... plus with voter approval... special assessments are over and above Prop 13.
If they change anything I hope it will be keeping Prop 13 for primary residences, and losing it for non-primaries, and for business properties. Yes I know that will hit the California economy, but Sacto seems to be doing everything possible to drive industries to other states.
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Old 10-10-2018, 01:20 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,730,147 times
Reputation: 4206
Quote:
Originally Posted by Ultrarunner View Post
When I was in Washington State I paid almost the exact assessed value for my home... Eighteen months later I-747 was tossed out... my taxes increased 80%.
I don't know what I-747 is, but if you were in CA and Prop 13 was thrown out, your tax rate would have gone down.
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Old 10-10-2018, 01:22 PM
 
25,800 posts, read 49,685,561 times
Reputation: 19243
Anything is possible... but California prohibits split tax rolls so I would imagine it would take amending the Constitution...

I'm sure some of the biggest employers will take not... here it could be Chevron... but even Disney, etc... then there area all the family farms on valuable land but Prop 13 makes the numbers work to farm and ranch.
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Old 10-10-2018, 01:26 PM
 
25,800 posts, read 49,685,561 times
Reputation: 19243
Quote:
Originally Posted by rruff View Post
I don't know what I-747 is, but if you were in CA and Prop 13 was thrown out, your tax rate would have gone down.
Sorry... I-747 was the voter approved Washington State version of California Prop 13...

When a Judge in King County tossed it my and my neighbors taxes went up 60 to 85%... very sobering.

My 1.7% tax rate is in Oakland California... we have 24 special assessments voter approved the last time I checked... a property assessment for the Raider's Coliseum renovation ala Al Davis, Transportation, Street Lights, Landscape, Several for Schools, Libraries, etc...

If the State wide Prop 13 rate of 1% went down it would come as a great surprise...
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Old 10-10-2018, 01:26 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,730,147 times
Reputation: 4206
Quote:
Originally Posted by Lovehound View Post
If they change anything I hope it will be keeping Prop 13 for primary residences, and losing it for non-primaries, and for business properties.
Why? Why not make it a % of assessed value and be done with it?

The rate would be less than what is currently taxed on recent purchases. It isn't that big of a deal.
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Old 10-10-2018, 01:27 PM
 
25,800 posts, read 49,685,561 times
Reputation: 19243
Prop 13 is already and always has been a % of Assessed value.
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Old 10-10-2018, 01:31 PM
 
Location: Ruidoso, NM
5,170 posts, read 4,730,147 times
Reputation: 4206
Quote:
Originally Posted by Ultrarunner View Post
If the State wide Prop 13 rate of 1% went down it would come as a great surprise...
Simple math. They currently tax that on the purchase price, and restrict increases in the tax, so people who bought a few years or decades ago are paying less. If they treat everyone equally then that % should go down if their goal is to collect the same amount.
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