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Old 10-21-2012, 06:44 PM
 
Location: Planet Earth
804 posts, read 522,499 times
Reputation: 528

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Quote:
Originally Posted by Ultrarunner View Post
I believe there is a limit in some instances on what can be passed forward and still retain Prop 13...

Some transfers may be limited to a 1 million lifetime cap.

I not well versed because it is something I don't have to worry about.

Frequently Asked Questions - Exclusions from Reappraisal - Board of Equalization
I believe that the limit is $1M on homes that are not the primary residence of the person ceding the property. When the house *IS* the primary residence, then there is no limit.
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Old 11-17-2012, 03:23 PM
 
46 posts, read 33,498 times
Reputation: 36
Anyone that would pay that much for a private residence in Saratoga is an idiot. Anyone who has that much money to spend on a private residence has too much money.
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Old 11-17-2012, 04:13 PM
 
193 posts, read 198,102 times
Reputation: 205
Quote:
Originally Posted by kdog View Post
Pensions for city workers who get to retire young.

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Old 11-17-2012, 06:00 PM
 
Location: The High Seas
5,705 posts, read 7,150,000 times
Reputation: 6612
Quote:
Originally Posted by ccm123 View Post
The money is going into pension funds and there is likely mismanagement of funds at all levels of government.
Ding, ding, ding, ding, ding, ding!
We have a winner!
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Old 11-17-2012, 06:51 PM
 
563 posts, read 319,750 times
Reputation: 331
Quote:
Originally Posted by tempest411 View Post
Anyone that would pay that much for a private residence in Saratoga is an idiot. Anyone who has that much money to spend on a private residence has too much money.
Two things wrong with your post

1) You likely have never been to Saratoga or its schools.
2) You are one of those people who believe that people who worked extremely hard to live in beautiful towns such as Saratoga must pay more in taxes than their fair share.
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Old 11-21-2012, 05:12 PM
 
1,614 posts, read 783,296 times
Reputation: 752
Quote:
Originally Posted by Wintermomma View Post
I was told to figure around 1.25% of the sales price, in taxes.

I've also wondered where all the money is going, especially in SJ. When a modest home costs well well well over $500K, why are the police being lain off and the schools so bad? Not to mention the apparent unchecked gang activity with graffiti everywhere.
Quote:
As an example, in Alameda County, California, 12.24% of assessed property value, or $24.5 billion worth, is subject to redevelopment tax increment, and in Fiscal Year 200708, $232 million of property taxes went to local redevelopment agencies instead of to the county or city general funds.[26] Of property tax receipts in Alameda County, 13 cents of every property tax dollar goes to local redevelopment agencies, 18 cents goes to cities, 13 cents goes to special districts, 15 cents goes to the county, and 41 cents goes to local schools.[27] In Contra Costa County, Schools get 48%, Special Districts get 19%, the County gets 13%, Redevelopment Agencies get 12%, and Cities get 8%
Also, SJPD is hiring - a lot. They had a recruitment desk at the Oakridge mall last weekend. As for graffiti, report it!

San Jose, CA - Official Website - Anti-Graffiti / Litter

There is an app you can download, you take a picture of the graffiti, and it emails the photo and gps coordinates to the clean up crew.
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Old 11-23-2012, 12:33 PM
 
Location: Sunnyvale, CA
3,892 posts, read 5,203,911 times
Reputation: 1498
Quote:
Originally Posted by zombocom View Post
Also, SJPD is hiring - a lot.

They are? Didn't they just lay off a whole bunch of their people last year? Why the reversal?
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Old 11-23-2012, 12:54 PM
 
Location: In The Pacific
855 posts, read 511,338 times
Reputation: 983
Well, if people can afford to live in 6 million dollar homes, they can probably afford to pay their property tax and if not, they can down size so they can afford it!
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Old 11-23-2012, 02:26 PM
 
Location: Paranoid State
3,040 posts, read 2,503,213 times
Reputation: 2491
Quote:
Originally Posted by Art2ro View Post
Well, if people can afford to live in 6 million dollar homes, they can probably afford to pay their property tax and if not, they can down size so they can afford it!
Class envy, much? Lemme guess - you watch a lot of Rachel Maddow & the Ed Show.
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Old 11-23-2012, 05:48 PM
 
1,614 posts, read 783,296 times
Reputation: 752
Quote:
Originally Posted by 80skeys View Post
They are? Didn't they just lay off a whole bunch of their people last year? Why the reversal?
Because they cut benefits a lot, and also a lot of officers are leaving the agency to ones that haven't cut benefits. there are only about 1,050 cops right now, they want 1,400. Either way, that's still less than the 2,200 cops SFPD has (to police a smaller population).

Or maybe the initial layoffs were just a red herring...
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