California proposition 13 protects homeowners from this problem. Every state should enact comparable homeowner protection.
“California proposition 13 protects homeowners from this problem.”
Indeed. If not for Prop 13, probably half the homeowners I know in the Bay Area would have to sell their houses and move. I’m talking about people paying $1,000-$7,000/year under Prop 13 but instead of the $25,000 to $36,000 they’d be paying on 1.2% of market value.
In Cali we used to have conservative mayors make good governor candidates by running their cities better than lib dem mayors. Now all cities are pretty much run the same and there is no conservative bench from which to get good candidates.
Actually, that didn’t solve the problem. What we found was that they took many of the taxable items out of the “property taxx” assessment and put then in special assessments. The property tax stayed the same but the special assessments, when added, doubled the overall tax and continued to go up. Doesn’t matter what the law says, governents will find some way to get around it to get more money.
CORRECTION: Prop. 13 only applies to homes purchased 1978 or before. 1979 and after you are subject to whatever increases the legislature passes.
but when you buy a new home you pay the corresponding tax bill, say 400k house tax would be 8,000, and with housing prices in cali right now... I am glad my senior park 45k house is paid for. tax should be about 300.00 this year
Prop 13 is a way for politicians to by votes with taxpayers' money.
It prohibits reassessment of a new base year value except in cases if there's a change in ownership or for new construction. The current owners can afford to live there but their kids can't buy a house in the same town or county because any new owner ends up paying significantly higher taxes in order to cover the gap because their neighbors pay less - for the same services.
The only way out of the government financial hole is to cut spending which politicians won't do because current homeowners don't feel the impact since their taxes are capped.
"We were here first, you pay more because you're the new guy" leads to unsold houses because the taxes are too high. The houses then get rented to packs of illegal aliens, including MS-13. It's been going on for more than a decade in Long Island, New York. Yes, the Democrats' solution to the spending problem is to spend more and declare "Sanctuary Cities" in order to fill them with illegal aliens.
It is NOT coincidental that California is being overrun with illegal aliens.