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To: ProtectOurFreedom

Sell....while you still can!!

Just kidding.

That’s great that you can hang in there, and, tough out all of the insane regs happening.

Do you at least get a grandfathered/capped for age tax rate, on your home?

Take care.


75 posted on 06/20/2023 7:20:19 PM PDT by Jane Long (What we were told was a conspiracy theory in ‘20 is now fact. Land of the sheep, home of the knaves)
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To: Jane Long

Thanks. One of the very few things CA has done right was the Proposition 13 initiative led by Jarvis and Gann in 1978. It sets your property tax at 1% of sale price and your property taxes cannot go up more than 2% per year. So your property taxes are very predictable. In Idaho, we have the standard “assessed value” of your home (driven by nearby home sales) and the assessment rate, both of which can change year-to-year.

The only downside to Prop 13 is people don’t move. The longer you stay in your house in an up real estate market, the more attractive you low property tax bill becomes. Of course, newcomers HATE it because they are paying exorbitant property taxes while yours stays low. So the secret is to stay in your home a long time which not everybody can do.


78 posted on 06/20/2023 8:18:34 PM PDT by ProtectOurFreedom (I don’t like to think before I say something...I want to be just as surprised as everyone else.)
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