Life is complicated.
Wealth taxes are complicated.
“Life is complicated.
Wealth taxes are complicated.”
In 1978 California passed Prop. 13, limiting property taxes to One % of accessed value, and accessed value is what you buy it for. Minimum reasonable adjustments.
So if you buy a home for $400,000, the initial taxes will be $4,000 and increases will be limited, and will be predictable.
Realtors have been easily able to explain this because it is reasonable and simple.