Prop 13 reform to be on 2020 ballot (renting, move, bills)

[davidt1]

It's the same government employees or retired ones defending the government stealing more money from the citizens. Of course, they would defend the practice because they benefit greatly from it.

[john3232]

Originally Posted by CaliRestoration

It's all about tax money. Residential property taxes is the biggest fish left to fillet.

Hate to say it, but this continuous assault on Prop 13 is NOT going to stop until California voters smarten up.

Exactly. It's all those home bought before 2000. My brother is paying $4500 in property tax for his house bought in 1996 for $450,000. It is now worth at least 1.8 million.

Get rid of Prop 13 and he'll be paying 17-18 grand

Both he and is wife are big time liberals who are now crying foul. They see the writing on the wall.

Me? I sold my San Francisco property this year. Took the money and ran.

[CA4Now]

Originally Posted by max210

There's no corporate loophole.

Read the thread. Prop 13 contains a loophole that avoids re-assessment on commercial property if less than 50 percent of ownership changes hands. Corporate merges and takeovers are not always considered a sale or ownership change as defined by Prop 13, and therefore real estate is not re-valued.

Originally Posted by max210

There's probably a good explanation why anyone would vehemently defend the D money grab time and time again.

Why do you try to turn EVERYTHING into a partisan issue?

[CA4Now]

Originally Posted by john3232

Exactly. It's all those home bought before 2000. My brother is paying $4500 in property tax for his house bought in 1996 for $450,000. It is now worth at least 1.8 million.

Get rid of Prop 13 and he'll be paying 17-18 grand

Both he and is wife are big time liberals who are now crying foul. They see the writing on the wall.

Me? I sold my San Francisco property this year. Took the money and ran.

Look at who is against this initiative.

The California Business Roundtable and the California Chamber of Commerce, which represent some of the largest and wealthiest corporations in California.

They have already launched a direct-mail campaign to scare voters into believing that this initiative will repeal Prop 13 and raise their property taxes. Actually, it would affect only a fraction of wealthy corporate landowners and investors who have been able to benefit from huge tax giveaways at the expense of homeowners, renters, and small businesses.

https://www.nndb.com/org/631/000126253/

[john3232]

Originally Posted by CA4Now

Look at who is against this initiative.

The California Business Roundtable and the California Chamber of Commerce, which represent some of the largest and wealthiest corporations in California.

They have already launched a direct-mail campaign to scare voters into believing that this initiative will repeal Prop 13 and raise their property taxes. Actually, it would affect only a fraction of wealthy corporate landowners and investors who have been able to benefit from huge tax giveaways at the expense of homeowners, renters, and small businesses.

https://www.nndb.com/org/631/000126253/

I used to think because San Francisco landlords had the money renters would never call the shots. But SF renters did just that because they outnumber the people with property by a wide margin.

Add to that home owners who are pissed because they pay thousands more in property tax each year than their neighbor.

No, Prop. 13 is on the way out... it's just a matter of time.

[CA4Now]

Originally Posted by john3232

I used to think because San Francisco landlords had the money renters would never call the shots. But SF renters did just that because they outnumber the people with property by a wide margin.

Add to that home owners who are pissed because they pay thousands more in property tax each year than their neighbor.

Without Prop 13, homeowners "who are pissed because they pay thousands more in property tax each year than their neighbor" would still pay their current property taxes. And those taxes would go up whenever a home in their neighborhood was sold and values were reassessed, just as they did before Prop 13.

You really believe that recent homeowners are stupid enough not to realize that?

[expatCA]

Originally Posted by CA4Now

Without Prop 13, homeowners "who are pissed because they pay thousands more in property tax each year than their neighbor" would still pay their current property taxes. And those taxes would go up whenever a home in their neighborhood was sold and values were reassessed, just as they did before Prop 13.

You really believe that recent homeowners are stupid enough not to realize that?

One person pointed out that renters do not understand and would vote Prop 13 out as more people rent than own now. Maybe true maybe not, but the politicians will do all they can to get rid of it, to grab more money.

[CA4Now]

Originally Posted by expatCA

One person pointed out that renters do not understand and would vote Prop 13 out as more people rent than own now. Maybe true maybe not

Homeownership in California is around 55% now, and according to Census figures in 1978, it was between 54 and 56%, so it hasn't changed that much.

I just think that renters are smarter than to believe that overturning Prop 13 would benefit them.

[JGC97]

Originally Posted by CA4Now

Homeownership in California is around 55% now, and according to Census figures in 1978, it was between 54 and 56%, so it hasn't changed that much.

I just think that renters are smarter than to believe that overturning Prop 13 would benefit them.

Me, neither. Landlords will pass the increase in taxes along to them. Just like shoplifters. Stores pass on the loss they incur to those of us who don't steal their items. Renters will end up absorbing the tax increase in the end. I hope they know that. Then again ...

[john3232]

Originally Posted by CA4Now

Without Prop 13, homeowners "who are pissed because they pay thousands more in property tax each year than their neighbor" would still pay their current property taxes. And those taxes would go up whenever a home in their neighborhood was sold and values were reassessed, just as they did before Prop 13.

You really believe that recent homeowners are stupid enough not to realize that?

What I think is those who can afford to pay 17-18 grand a year in property taxes have money. A lot of
money. And a $500-800 tax hike each year isn't going to hurt them.

But I agree such homeowners (those upset their neighbors are paying thousands less in property taxes) won't make much of a difference when it comes to voting. So yes, most people even those who bought in recent years will support prop. 13.

Problem is the grass root movement to repeal Prop. 13 grows stronger each year. Add to this the powers that be in Sacramento want/need the money.

A repeal will likely be done piece by piece with the state legislature making the cuts.

But make no doubt if the Dem continue to hold a super majority Prop. 13 is on the way out.