That, and Texas has electricity...
The Democrat Party is determined to turn California into Venezuela.
The top Party members will wield increasing power and enjoy unbridled wealth.
Everyone else will become proles.
That’s cute that Californians think they can pass a ballot initiative that the legislature and courts won’t just disregard.
This is being pushed by Dolores Huerta and the United Farm Workers, thus the exemption for “those zoned as commercial agriculture”.
Translation: the Mexicans want to suck the money out of the Gringos using the biggest extortion stick they can find: your money or we take your property.
The worthless Republicans in California should have proposed repealing the very idea of property tax or at minimum freezing the valuation at the time of sale a long time ago.
Proof that they, just like the Rats, are only interested in stealing at a level where people just barely can take it.
More teacher’s union greed...ugh.
Whew...for a minute, I thought those wascally Democwats would go after our residential property taxes. Thank God we are safe!
In other news, Idaho being overrun with Californians...
As West Coast Transplants Pour In, a Small Idaho Town Has a Big Dilemma
Star’s population is booming and housing prices have more than doubled; ‘The growth is beyond what people can handle’
City’s population has doubled in the past nine years to more than 10,000.
One suspects that since tech is doing well in the Trump economy, Cali benefits from that, tax-wise.
If the Dems ever get back in, Cali will flip financially underwater in an instant.
This is why Cali should be courting small businesses, including commercial properties, rather than shooing them to Texas.
So, a multi-unit dwelling (think: duplex, quadraplex, or even high-rise) belonging to absentee-owners would still be taxed at the residential rate, but a little, family-operated used-book shop would be taxed at the (exploding) commercial rate, right?
Regards,
Democrats greed at work. California got a budget surplus. So Gov Newsom wants to waste it on more boondoggle projects like tunnels to LA to pipe more water, stealing it from the north (that's what the aqueduct waterway already does). Instead of channeling the surplus to schools etc., or heaven forbid, reducing state tax burdens. Every year these Democrat thieves try to repeal Prop 13, because there's never enough money to steal from the citizens in order to hand out to freeloaders like illegals and bums.
That, and Texas has electricity...
Residential property will be next.
Just to be clear, it’s only a matter of time until they go after prop 13 regarding residential properties. Bet the rent.
Then again, since the only one’s that are benefiting in a big way are the elderly who’ve been in their homes for 30, 40 and 50+ years, are all dying off. Those folks in their late 80s and in their 90s are dwindling away. What’s left will be paying double, triple, quadruple and more in property taxes.
In not to many years, prop 13 will just become a small benefit to only a very few as the days of homes in CA doubling and tripling in price are long over....
Why is it so hard to understand that shifting increased taxes to those who will pass it along to consumers is a backdoor tax for all. And if the commercial activity is unable to compete locally they close up shop and move to where they can compete. You cannot have a leftist oriented state that is redistributive without constantly seeking new avenues of income.
“Just to be clear, this initiative is only about commercial properties. But, it’s just a first step to getting rid of Jarvis-Gann completely.”
First they came for the commercial properties, but I didn’t complain because I don’t own any...
Oh, wait.
None of them will do that.
They will divide the new tax amount by the number of clients/sales, and add that much to each transaction.
So, who pays the tax?
That's right! You, the consumer does!
The legislature always looking for ways to use businesses to act like the tax collector for them, because they do not have the balls or ovaries to tax the consumer directly (the homeowner) because there are too many of them and they all vote!
Whereas, if they only promise to raise taxes on the businesses, the gullible will think, "ha ha, look at those guys, they deserve it, while we skate."
It is the same thought process and plan for minimum wage, living wage, and that most recent one, the employee/hired professional bs.
Kimberly Clark has a 66 acre plant in Fullerton that has been in operation since 1956. A beautifully maintained facility judging from its grounds.
They are selling the property and shipping the jobs out of California. The risk of losing their Prop 13 protection is one of the deciding factors.