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If 13 is repealed it would be a tremdous financial burden to the vast majority of homeowners.
Have you researched the numbers? We bought a house in 1987 that was outside the reach of the Prop 13 property tax reductions. So we were paying 10 times the property tax that our next door neighbors were, as they were older and had been in their house for many years. Lots and lots of those older folks are gone now. It is basically a benefit only for older baby boomers now, and I am not sure what percentage of the population that is. I doubt it is your "vast majority."
Have you researched the numbers? We bought a house in 1987 that was outside the reach of the Prop 13 property tax reductions. So we were paying 10 times the property tax that our next door neighbors were, as they were older and had been in their house for many years. Lots and lots of those older folks are gone now. It is basically a benefit only for older baby boomers now, and I am not sure what percentage of the population that is. I doubt it is your "vast majority."
I bought back in the 90s. My place now lists for 4 times what i paid for it. My tax bill would triple or quadruple if not more.
Guy I know bought a place out in Fallbrook area a long time ago. Paid 100k for it. A couple of years ago he pulled permits to have work done on his place. That triggered a tax reassessment. His property appraisal went to around 900k. His tax bill jumped 10k.
That story times x millions who bought 20 to 30 years ago. Yes, it would definitely effect the vast majority of the people who bought a while.
Ca native, born and bred. Ca is slowly turning into a land of haves and have nots 3rd world ****hole. The OP is spot on. As soon as my situation allows for it I'm gone.
Double standard:
California turning into a land of haves and have nots. - Bad
Red states turning into a land of haves and have nots - Good
I bought back in the 90s. My place now lists for 4 times what i paid for it. My tax bill would triple or quadruple if not more.
Guy I know bought a place out in Fallbrook area a long time ago. Paid 100k for it. A couple of years ago he pulled permits to have work done on his place. That triggered a tax reassessment. His property appraisal went to around 900k. His tax bill jumped 10k.
That story times x millions who bought 20 to 30 years ago. Yes, it would definitely effect the vast majority of the people who bought a while.
Reread my post and see if I said anything about not paying taxes. We're talking about the effects of taxes due to property taxes being reacceassed at current property values.
Wasn't saying not to pay taxes period. It shouldn't be allowed that kind of hike to occur.
If California was such a wonderful place (like it used to be) there wouldn't be droves of people leaving. The thing that bothers me the most is that they bring the same liberal baloney they fled from to wherever they go.
Nevada was much better off before the infestation of Californians started.
California population 2010: 37,253,956
California population 2018 (est): 39,557,045
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A gain of 2.3 million - which is roughly the size of the KC metro area.
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