Very eloquent reply -well thought out, concise, and as cutting edge to a burn as you can get.
Originally Posted by -SS-
Definitely not a property owner.
that comment wasn't directed at you. you seem very defensive.
but the problems with prop 13 are that it freezes property taxes in such a way that it not only creates an imbalance in what people are paying vs. the value of their homes and it makes it easy for corporations to keep property taxes low through how they structure real estate transactions. Prior to prop 13 the majority of property taxes were paid by commercial entities. now it's reversed and the majority of the revenue comes from private citizens.
the predictability of property taxes for private citizens is a good thing, but I can see how it could use some adjustment. I'm paying a lot less than some of my neighbors who bought after me because I managed to buy at the bottom of the market. we have the same house built the same year but I got mine for a couple hundred thousand less by sheer luck. that comes out to a couple thousand a year in property taxes. I like my lower rate and I'd be crazy to give up my locked in rate, but there is a bit of an equality issues. my elderly neighbors who bought in the 70s have an even lower rate. they need it because they've been retired for longer than I've been working, but there are issues with that as well. for example, they can pass that rate along to their kids...which is kinda ridiculous, but I know more than a few people who live around me that moved into their parents' house just for that reason; they're getting a house that has a FMV of over $1 million but their property tax rate is locked in at the 1975 FMV of $30k. you'd have to be retarded to pass that up.
private citizens aside, the law needs to be changed so the commercial real estate rate can float a bit with the land value. due to the way that tax reassessments are triggered corporations can exploit the **** out of it by splitting up the sale across multiple corporate entities. it also doesn't hurt that corps don't die or have to move.
and finally the changes to the law that makes it easy to repeal a tax but hard to instate a new tax is a problem. that inevitably triggers downward revenue. I know some people want to starve the state and blah blah blah, but that kind of crap is retarded beyond all comprehension so it must be dismissed and not seriously addressed because it's simply not a serious conversation.
but tbh I don't know why I'm responding to you. you are now, and have always been, a
Edit: it's also why a lot of schools in the state suck.