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To: randita
The budget mess comes with an opportunity for California to address long-ignored inequities in its tax structure.

That's code for "we want to jack up your taxes."

13 posted on 01/13/2003 7:56:50 AM PST by Eala
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To: Eala
Typical SF Chronicle garbage. The year that Prop 13 passed, my home in LA County was re-assessed, and its value was increased by 60%. Due to the rapid, and to this day continued, increase in property values in California, county and city governments were making a fortune by re-assessing, but holding the tax rate the same.

After Prop 13 passed, taxes were frozen at 1% of the property value at the time 13 passed. Properties were re-assessed when they were sold. Each year there is an inflation factor which increases all property values.

With the high level of home sales in CA, and the high rate of home price increase, cities and counties have done very well under Prop 13. But no, there liberals want homeowners to be paying twice as much in taxes so they can spend twice as much.

14 posted on 01/13/2003 9:13:53 AM PST by CdMGuy
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