Article

2023-12-26 Economy

The Evil of the Residential Property Tax

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Posted by DooDahMan 2023-12-26 06:35|| || Front Page|| [11132 views ] Top

#1 But, but, but we must now provide education funding and meals for the 'replacement people's' children.

If you are pensioned and cannot pay the government rent, someone else will.

Posted by Besoeker 2023-12-26 07:04|| 2023-12-26 07:04|| Front Page Top

#2 It is not at all surprising then that property taxes are rising as well.

My prop tax was frozen when I turned 65.

Posted by Skidmark 2023-12-26 07:37|| 2023-12-26 07:37|| Front Page Top

#3 CA Dems are always hard at work trying to get around Prop 13

Posted by Frank G 2023-12-26 07:46|| 2023-12-26 07:46|| Front Page Top

#4 ^ natural for them. You know from each according to their means, to each according to their need. Politicians have an unquenchable need to spend other peoples money.

Posted by Procopius2k 2023-12-26 08:35|| 2023-12-26 08:35|| Front Page Top

#5 Without Proposition 13, I could not keep my house in California. I certainly could not afford my house if I had to buy it today. Not even close. I know people now who pay more in property taxes than I ever paid for my mortgage. Way more. And for houses that are not as big and nice as mine.

Of course the Democrats are working hard to repeal Prop. 13 or to find sneaky ways around it. These are the same people who opposed it back in 1978...teachers unions and school administrators were horrified at the prospect of access to their cash cow being restricted in any way. But I talked to people at the time who were literally being taxed out of their property. Farmers in particular would lose their farms and then developers would grab the land and build massive housing tracts. It wasn't very green. Still isn't.

Posted by Abu Uluque 2023-12-26 12:06|| 2023-12-26 12:06|| Front Page Top

#6 residential property tax as "rent you pay to to the government to live in your own house."

And I thought HOAs were bad.

Posted by DooDahMan 2023-12-26 17:10|| 2023-12-26 17:10|| Front Page Top

#7 Well, your property is worth how secure it is. Ironically, a 35,000 acre ranch in Texas is only as secure as you make it. Your house in the suburbs is insurable to the extent that the cops are busting burglars.

Posted by M. Murcek 2023-12-26 17:18|| 2023-12-26 17:18|| Front Page Top

#8 @#2: Frozen Assessed value? Frozen Assessment Rate? Both?

Posted by Anomalous Sources 2023-12-26 20:44|| 2023-12-26 20:44|| Front Page Top

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