Public Employee Unions want to change Prop. 13 so busness property tax goes up & up more every year. (San Rafael: rent, homes)

[V8 Vega]

The cost of doing business in Calif. is high and going higher. If this passes it will mean higher prices and fewer jobs.
There is a complete article in Sun. 5/7 LA Daily News by Susan Shelley.

[shooting4life]

I do not have a problem getting rid of prop 13, it is just rent control for property owners. Everyone should have to pay the same rate, if that rate is too high, then it should be lowered for everyone.

[bigdumbgod]

We're getting our references from LA Daily News now?

[eureka1]

No problem getting rid of 13 for businesses.

[2sleepy]

Prop 13 needs to be changed to exclude commercial property. Commerical property owners have been abusing prop 13 for decades by avoiding reassessment through the use of 'exclusions' Using Exclusions To Avoid Reassessment | Lerman Law Partners, LLP | San Rafael California

[shooting4life]

Originally Posted by 2sleepy

Prop 13 needs to be changed to exclude commercial property. Commerical property owners have been abusing prop 13 for decades by avoiding reassessment through the use of 'exclusions' Using Exclusions To Avoid Reassessment | Lerman Law Partners, LLP | San Rafael California

Home owners are doing similar actions to keep property taxes from being raised, why only hurt business? Let me guess, you own your own home and benefit from prop 13?

[NoMoreSnowForMe]

Prop 13 benefits long-term property owners. I don't see a downside to that.

I do remember life before Prop 13, when people were leaving CA in droves, and people were losing their homes in CA because the homes they bought when they were young, for say $16,000, were now worth a million. But, the people in them could not afford to pay taxes on a million dollar home. They had to sell the home they intended to live in the rest of their lives. And most of them moved out of the state. Taking their million dollars with them.

Prop 13 will never go away. And I'm glad. Even though I don't own property anymore.

And as far as businesses go - why would they want to stay in CA if their properties keep getting reassessed at a higher value? When that is possibly the only upside for them to have a business here?

[shooting4life]

Originally Posted by NoMoreSnowForMe

Prop 13 benefits long-term property owners. I don't see a downside to that.

I do remember life before Prop 13, when people were leaving CA in droves, and people were losing their homes in CA because the homes they bought when they were young, for say $16,000, were now worth a million. But, the people in them could not afford to pay taxes on a million dollar home. They had to sell the home they intended to live in the rest of their lives. And most of them moved out of the state. Taking their million dollars with them.

Prop 13 will never go away. And I'm glad. Even though I don't own property anymore.

And as far as businesses go - why would they want to stay in CA if their properties keep getting reassessed at a higher value? When that is possibly the only upside for them to have a business here?

So basically you want the young to subsidized the wealthy and old.

[NoMoreSnowForMe]

Originally Posted by shooting4life

So basically you want the young to subsidized the wealthy and old.

Anyone who buys real property in CA must pay taxes based on the purchase price. Their taxes then only go up by around 1% per year as long as they own the property.

Properties get sold every day. The young of yesterday, are the old of today. And so it goes ad infinitum.

The buyers of properties that were originally purchased for $16,000, for instance, that get sold today for $1,000,000 - must pay taxes based on the new purchase price as long as they own it, with minimal increases as mentioed.

I'm not sure how any of that translates into the young subsidizing the wealthy and the old.

[expatCA]

Originally Posted by NoMoreSnowForMe

.

I'm not sure how any of that translates into the young subsidizing the wealthy and the old.

They don't like the idea that those who have payed taxes for years should get a break over those who buy now and ......... will see the same break later.

Remember how many elderly were losing their homes because prices went so far up the taxes were unbearable? That motivated prop 13. But then who cares about the older ones now?