[ProudGOP]

This is a duplicate thread.

On the other thread, a poster said its because he has had the house for so long it has appreciated. Prop 13 limits how much the tax can be increased.

If he bought the house today, he would be paying 40,000 or so.

I am paraphrasing another poster but it made sense to me.

[I still care]

That sounds right. We have the same thing in FL, where it is limited how much your taxes can climb when you live in your house.

[Chesterbelloc]

That is correct. Property taxes are set at roughly 1% of the price that you pay for your home. When a house changes ownership the tax amount is reset to the new level.

[TheDon]

Actually it is the valuation of the house for the purposes of paying property taxes that is limited to 2% per year. My house has increased in value about 12.5% per year for the last 5 years, but my property tax has only increased 2% per year.

It would be nice to get rid of the income tax in Cali, and perhaps the property tax as well. I wonder what the sales tax would be if we got rid of both?