So the current governor of California has this in common with Christie of New Jersey: punish and take punitive action against those who do not do their [evil] bidding.
At the same time, Jerry Brown established a $1 million art fund that was chaired by Hanoi Jane Fonda
Your typical politician-punishes-the-citizens attitude...
No, but then again, that's not what it was meant to do. It was put in place to prevent WILD fluctuations of your property taxes that was causing peeps to lose their homes.
Wouldn’t that be 35 years after Prop 13 went into effect? I never heard of CA having a Proposition election in January.
Let us not ask whether prop 13 protected homeowners from being taxed out of their homes by capricious and greedy politicians and bureaucrats who raised their property taxes to ridiculous levels on a whim & spent their tax dollars like drunken syphilitic sailors.
Let us instead decide the success or failure of prop 13 on whether the capricious and greedy politicians and bureaucrats managed to curtail their wild spending habits over the past 35 years.
NO SALE, A-HOLES.
My parents live in CA. What’s misleading about this article is that once you sell your house, the Prop 13 reforms go out the window.
My parents still enjoy the low property taxes that 13 brought to them, but only because they never sold their place. They’ve been in the same house for 40 years.
I doubt Prop 13 even effects 10 percent of property at this point.
My aunt has lived in the same house for 50 years. She pays taxes on a $15,000 house. The market value is over $600K. I saw it myself on Zillow.
Property tax rates in our county were 8.5%. Think about what that would mean to the value of California real estate. To re-institute property tax rates that high in California has the potential to crash the banking system worldwide.
While Prop 13 was a good idea, the politicians have managed to get around the 2% limit. Our property “taxes” have gone up much more than 2% a year. The reason, many of the items that were subject to the property tax, were removed from that designation and listed separately at “fees”, “special assessments” and a few other designations. So while it was a good idea and still helps, the politicians have bastardized the system so they can still increase the amount of money they take from you without calling it a “property tax”, even though it is included on your tax form.
Prop 13 has saved me a fortune over the years.
You know it’s been a success when every liberal in the legislature wants to abolish it so they can rob people blind again (longing for the good old days)