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Old 02-01-2020, 12:03 PM
 
28,005 posts, read 60,675,971 times
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Quote:
Originally Posted by KaraG View Post
I never said it differentiated by age, I said newer homeowners. But obviously, a young family with children in school who just purchased their home is going to pay way more property taxes than Lola, who purchased her home 50 years ago. And they are the ones hurt by the loss of school bus service, something that is still available to millions of American families all over the country, rich or poor.

As for the schools having no cafeterias, they still had food, the kids just ate outside. At the high school they had stations where the kids could get pizza, burgers, snacks, etc.
Length of home ownership is also not a factor... Prop 13 replaced volumes of tax code with a few simple paragraphs and in doing so went from guessing a property's value to using the actual sale data for the transaction to establish Fair Market.

I bought in 2003 the oldest and smallest home in my neighborhood... it was all 1957.

Next door was a new home built in 2001 of twice the square footage on a view lot and with many custom amenities...

In 2009 the home sold as a foreclosure for 100k less than I had paid as prices throughout the region collapsed.

Fast forward to today...

The "New" home of double my square footage with a view lot of the SF Bay Area pays less property tax than I do... with my old 1957 1725 square feet home with original 1957 fixtures...

Prop 13 is based on Fair Market Value at the time of transfer... my neighbor bought when prices were very low... and I bought when prices were rising.

I was able to obtain a "Temporary" property tax reduction because my home also fell in price... but with prices up that only lasted 2 years (and took 3 years to realize) whereas my neighbor;s basis will forever be lower than mine during their ownership.

A note on busing... growing up in the SF Bay Area schools were walkable or bike able… there were no buses in my district except for sports activities...

Fast forward to today and the same schools still offers no buses but two things have changed... the exception is a fleet of special needs short buses and parents driving their kids to school.

At age 8 I like my school age friends all biked to school... unless they lived very close...

I visited last year as the grandchild of someone from the old neighborhood was in a school play... walking is no longer practiced and I asked what happened to all the bike racks and was told they got rid of them long ago since kids don't bike... at least at grammar school level...

Last edited by Ultrarunner; 02-02-2020 at 02:45 PM..
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Old 02-02-2020, 02:14 PM
 
1,309 posts, read 695,674 times
Reputation: 1904
Quote:
Originally Posted by CA4Now View Post
Not the case.

https://lao.ca.gov/reports/2014/educ...on-022514.aspx

Public school districts all over the country have cut back on bus transportation for students.

https://www.publicschoolreview.com/b...e-school-buses
Not where my family lives...but I get your point..

One would think that high prop taxes, which my brother tells me goes a lot to schools, should pay for buses.....and cafeteria for that matter
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Old 02-02-2020, 02:25 PM
 
1,309 posts, read 695,674 times
Reputation: 1904
Quote:
Originally Posted by Ultrarunner View Post
Length of home ownership is also not a factor... Prop 13 replaced volumes of tax code with a few shot simple paragraphs and in doing so went from guessing a property's value to using the actual sale data for the transaction to establish Fair Market.

I bought in 2003 the oldest and smallest home in my neighborhood... it was all 1957.

Next door was a new home built in 2001 of twice the square footage on a view lot and with many custom amenities...

In 2009 the home sold as a foreclosure for 100k less than I had paid as prices throughout the region collapsed.

Fast forward to today...

The "New" home of double my square footage with a view lot of the SF Bay Area pays less property tax than I do... with my old 1957 1725 square feet home with original 1957 fixtures...

Prop 13 is based on Fair Market Value at the time of transfer... my neighbor bought when prices were very low... and I bought when prices were rising.

I was able to obtain a "Temporary" property tax reduction because my home also fell in price... but with prices up that only lasted 2 years (and took 3 years to realize) whereas my neighbor;s basis will forever be lower than mine during their ownership.

A note on busing... growing up in the SF Bay Area schools were walkable or bike able… there were no buses in my district except for sports activities...

Fast forward to today and the same schools still offers no buses but two things have changed... the exception is a fleet of special needs short buses and parents driving their kids to school.

At age 8 I like my school age friends all biked to school... unless they lived very close...

I visited last year as the grandchild of someone from the old neighborhood was in a school play... walking is no longer practiced and I asked what happened to all the bike racks and was told they got rid of them long ago since kids don't bike... at least at grammar school level...
I think the key to prop 13 is not having sold your home ever....I live in a culdesac of 8 homes...built in 1973...all one story, 3000 sq feet, half acre, with a decent few..

We have 4 original owners...house across the street sold less than 2 years ago..for almost 2 million....you can bet the similar house next door, same size etc....is paying wayyyyy less in taxes..prop 13 limits the yearly increase to 2%..

I think one can transfer ones tax level to another county..tho that might have changed..

BTW. Our new neighbors young kids are picked up for school in what appears to be a van that holds about 8
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Old 02-02-2020, 02:52 PM
 
28,005 posts, read 60,675,971 times
Reputation: 22923
Quote:
Originally Posted by Lola The yorkie View Post
I think the key to prop 13 is not having sold your home ever....I live in a culdesac of 8 homes...built in 1973...all one story, 3000 sq feet, half acre, with a decent few..

We have 4 original owners...house across the street sold less than 2 years ago..for almost 2 million....you can bet the similar house next door, same size etc....is paying wayyyyy less in taxes..prop 13 limits the yearly increase to 2%..

I think one can transfer ones tax level to another county..tho that might have changed..

BTW. Our new neighbors young kids are picked up for school in what appears to be a van that holds about 8
One time county to county senior transfer is becoming more and more limited... but in county not affected with the rational that Grandma is stuck in her 4 bedroom home and can't downsize because her property tax would go up.

I bought my 1957 home from an original owner that was paying $1200 annual tax... a retired disabled couple in their 80's that moved to assisted living.

The day of transfer the tax went to $8800... now, having done nothing but live here 15 years my property tax has increased to 12k... so much for the 2% rule but voters here under Prop 13 love to vote for assessments.

I keep hearing California has low taxes but my experience is far from it...

On the flip side the original owners are the ones that paid 30 year assessments for drainage, street lights and school that I get for simply buying... plus, I hope to be the one of those 80 year olds with the lower tax bill when my time comes...

I am willing to pay my dues... plus, I knew exactly what my tax liability would be only thanks to Prop 13...

Never seen a school bus anywhere except for special needs... we have no school bus stops or routes.
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Old 02-02-2020, 05:51 PM
 
1,309 posts, read 695,674 times
Reputation: 1904
Quote:
Originally Posted by Ultrarunner View Post
One time county to county senior transfer is becoming more and more limited... but in county not affected with the rational that Grandma is stuck in her 4 bedroom home and can't downsize because her property tax would go up.

I bought my 1957 home from an original owner that was paying $1200 annual tax... a retired disabled couple in their 80's that moved to assisted living.

The day of transfer the tax went to $8800... now, having done nothing but live here 15 years my property tax has increased to 12k... so much for the 2% rule but voters here under Prop 13 love to vote for assessments.

I keep hearing California has low taxes but my experience is far from it...

On the flip side the original owners are the ones that paid 30 year assessments for drainage, street lights and school that I get for simply buying... plus, I hope to be the one of those 80 year olds with the lower tax bill when my time comes...

I am willing to pay my dues... plus, I knew exactly what my tax liability would be only thanks to Prop 13...

Never seen a school bus anywhere except for special needs... we have no school bus stops or routes.
Thanks for the explanation...what if a senior stays in same county? We are 75/80....if he does first I really don’t want or need this big house..he insists he will die in this house...at 80 the old guy does most of the maintenance...tho we have pool service, and have a yearly palm tree trimmer, as 50 foot trees obviously he cannot climb!

We also have a lovely home in the desert..one story, 3 beds, 3 baths..on fairway..
Tho I would b
Not want to stay there summers..

My concern..for me...is that I cannot climb stairs...need only 2 beds, 2 baths...no pool..

May be able to find a condo like that....but would still have lots of capital gains...would love to keep our present tax bill..

I know..too soon to worry..but I love this area!
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Old 02-02-2020, 07:01 PM
 
28,005 posts, read 60,675,971 times
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The rules are specific and counties have tweaked them but the premise is a senior owner can downsize once and bring a lower tax basis with them.

If one spouse has used this a may not be able to be used again.

Last year one of my senior friends downsized from a 900k home they built in 1960 to a retirement townhome... being able to do this saves several thousand in property tax annually.
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Old 02-02-2020, 07:50 PM
 
1,309 posts, read 695,674 times
Reputation: 1904
Quote:
Originally Posted by Ultrarunner View Post
The rules are specific and counties have tweaked them but the premise is a senior owner can downsize once and bring a lower tax basis with them.

If one spouse has used this a may not be able to be used again.

Last year one of my senior friends downsized from a 900k home they built in 1960 to a retirement townhome... being able to do this saves several thousand in property tax annually.
OK...thanks
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Old 02-02-2020, 11:55 PM
 
Location: SoCal
20,162 posts, read 11,425,909 times
Reputation: 16963
Quote:
Originally Posted by Lola The yorkie View Post
I think the key to prop 13 is not having sold your home ever....I live in a culdesac of 8 homes...built in 1973...all one story, 3000 sq feet, half acre, with a decent few..

We have 4 original owners...house across the street sold less than 2 years ago..for almost 2 million....you can bet the similar house next door, same size etc....is paying wayyyyy less in taxes..prop 13 limits the yearly increase to 2%..

I think one can transfer ones tax level to another county..tho that might have changed..

BTW. Our new neighbors young kids are picked up for school in what appears to be a van that holds about 8
https://www.boe.ca.gov/proptaxes/prop60-90_55over.htm
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Old 02-03-2020, 02:00 PM
 
1,309 posts, read 695,674 times
Reputation: 1904
Quote:
Originally Posted by NewbieHere View Post
Thanks
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Old 02-29-2020, 07:10 AM
 
572 posts, read 245,773 times
Reputation: 337
My brother lives in Mission Viejo and they have a school bus service.
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