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Shacks!

This is exactly the issue I mentioned in a thread a couple weeks back. My 2/3 townhome in Pasadena has a larger tax bill than a giant monstrosity in the same neighborhood, valued at 5-6x. It's fucking ridiculous.

Evan F. says

This is exactly the issue I mentioned in a thread a couple weeks back. My 2/3 townhome in Pasadena has a larger tax bill than a giant monstrosity in the same neighborhood, valued at 5-6x. It's fucking ridiculous.

Agreed. Prop 13 is ridiculous crony capitalism. They should lower property taxes for every one and do away with prop 13.

mell says

They should lower property taxes for every one and do away with prop 13.

If the latter happens, the exact opposite of the former will follow.

It seems fairly simple to base taxes on market value. I mean, you pay sales tax on crap you buy at the supermarket, or Amazon, or whatever, based on their current market value. But no, for your house, you pay tax on that based on market value from the 70's. Horseshit.

Next time I go to trader Joe's for groceries, I'm going to insist that the sales tax be based on the market value of my carrots from the 70s.

The problem isn’t prop 13.

Problem is rediculously high taxes to pay unions two to three pensions per person.

Cut that off and property taxes can be low for everyone. Old people were thrown onto the street in the past because property taxes were higher than mortgages. And being old on fixed income is hard.

Cut off government extravagance.

Evan F. says

It seems fairly simple to base taxes on market value. I mean, you pay sales tax on crap you buy at the supermarket, or Amazon, or whatever, based on their current market value. But no, for your house, you pay tax on that based on market value from the 70's. Horseshit.

Next time I go to trader Joe's for groceries, I'm going to insist that the sales tax be based on the market value of my carrots from the 70s.

Well on the flip side is iL-where your taxes can go up 23% in one year while house prices just went up 2-5% or in some cases declined.

Go back in time then. But if you bought house in 1970 your taxes are according.

If my top earning years were 1970s I can’t fucking compete with 30 years of inflated wages.

Before prop 13 both were expensive. People lost homes. It was fucked up. While unions were getting insane raises for stupid work.

Evan F. says

It seems fairly simple to base taxes on market value. I mean, you pay sales tax on crap you buy at the supermarket, or Amazon, or whatever, based on their current market value. But no, for your house, you pay tax on that based on market value from the 70's. Horseshit.

Next time I go to trader Joe's for groceries, I'm going to insist that the sales tax be based on the market value of my carrots from the 70s.

Evan F. says

It seems fairly simple to base taxes on market value. I mean, you pay sales tax on crap you buy at the supermarket, or Amazon, or whatever, based on their current market value. But no, for your house, you pay tax on that based on market value from the 70's. Horseshit.

Next time I go to trader Joe's for groceries, I'm going to insist that the sales tax be based on the market value of my carrots from the 70s.

Will your argument be the same when you are still living there 30 years from now, but property values have increase 10x?

FortWayne says

Old people were thrown onto the street in the past because property taxes were higher than mortgages. And being old on fixed income is hard.

How about we keep common sense tax law then like Alaska does? At 65, a homeowner gets to pay 25% property tax until they die or sell the place. Retirees are thus protected without giving elites unnecessary tax breaks at the expense of everyone else. Prop 13 needs to go, and be replaced with something like this for retired folks.

Evan F. says

It seems fairly simple to base taxes on market value.

Yep. It's also very simple to jack them up. Look for threads re Illinois property tax situation on this very site.

Prop13 is a result of a tax revolt. Since then the conditions which caused said revolt did not disappear. If anything they became worse. We are now a one-party state governed by insane illegal-loving pinko fucks.

Alaska has population of a truck stop. They pay people to live there.

No one pays me to live in CA. Just taxes everywhere and more fucking taxes. I don’t got a pension, government unions collect two. Tax them instead.


Quigley says

FortWayne says

Old people were thrown onto the street in the past because property taxes were higher than mortgages. And being old on fixed income is hard.

How about we keep common sense tax law then like Alaska does? At 65, a homeowner gets to pay 25% property tax until they die or sell the place. Retirees are thus protected without giving elites unnecessary tax breaks at the expense of everyone else. Prop 13 needs to go, and be replaced with something like this for retired folks.

My uncle just passed away and he was only paying 400-600 on a 2mil property that my great grandparents build in the 1940s.
One thing that should be changed is a properties original prop13 amount should not be able to be transferred, for residential and especially commercial properties.

ThreeBays says

DASKAA says

Evan F. says

It seems fairly simple to base taxes on market value.

Yep. It's also very simple to jack them up. Look for threads re Illinois property tax situation on this very site.

Prop13 is a result of a tax revolt. Since then the conditions which caused said revolt did not disappear. If anything they became worse. We are now a one-party state govened by insane illegal-loving pinko fucks.

Prop 13 isn't even fully effective at limiting assessed tax growth. Total assessed taxes are still rising at uncontrollable rates, it's just that all of the burden is placed on new buyers and new construction.

See for example 8.71% YoY rise in assessment roll for SC County: https://www.sccassessor.org/DocLib/Annual%20Report15.pdf. Prop 13 was intended to limit assessments to 2%... that's not ...

It might be imperfect but repealing it would make things much worse.

An elite group! Like my parents!

European immigrant food service workers who worked their fucking asses off to own a home and provide a better life for their kids. They sold me their home at market rate and I got to keep the property tax assessment from 1985. They never made over $25,000 per year living in coastal California. I'm fortunate that I'm able to have kept lower property taxes and send them money every month to help them out.

ThreeBays says

ThreeBays says

It might be imperfect but repealing it would make things much worse.

Repeal and replace :D

They could repeal Prop 13, cut the tax rate in half to remain revenue neutral, and introduce a growth cap at the county level instead of parcel level.

They could, but knowing who "they" are I'd rather them not touch it. Whatever was passed during last decade either through legislature or through proposition mechanism was pure shitty shit.

Your parents were able to live in a house without much money, and over this liberals are losing sleep.

These anti prop 13 fellas think housing should be for rich and government officials only. Not for us working stiffs.

MrBark says

An elite group! Like my parents!

European immigrant food service workers who worked their fucking asses off to own a home and provide a better life for their kids. They sold me their home at market rate and I got to keep the property tax assessment from 1985. They never made over $25,000 per year living in coastal California. I'm fortunate that I'm able to have kept lower property taxes and send them money every month to help them out.