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To: ChildOfThe60s

The infamous “Prop 13” enacted many years ago in California has had the same result. We bought our house in 1990 and pay about $2600 a year in taxes. The guy next door to us with the same house pays $6200 because he bought it in 2005.

We had thought seriously of moving to Florida to be nearer to family, but the tax and insurance problems there are making us reconsider.


14 posted on 05/14/2007 6:29:19 PM PDT by RightField
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To: RightField
That's right; the difference is the assessment is based on the value of the home when it was bought. No one in California wants to return to the old system where assessments weren't capped and taxes were determined by full market value. No matter when you buy your home in California or Florida, you get a predictable rate you can plan for year to year. Otherwise, people would lose their homes as happened pre-Proposition 13.

"Show me just what Mohammed brought that was new, and there you will find things only evil and inhuman, such as his command to spread by the sword the faith he preached." - Manuel II Palelologus

65 posted on 05/14/2007 9:47:10 PM PDT by goldstategop (In Memory Of A Dearly Beloved Friend Who Lives In My Heart Forever)
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