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kimmaicutler's profile
Kim-Mai Cutler
Kim-Mai Cutler
Kim-Mai Cutler
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@kimmaicutler

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Kim-Mai CutlerVerified account

@kimmaicutler

Partner at @initialized. Previously @techcrunch. When life hands me lemons, I make tarte au citron.

San Francisco
medium.com/initialized-ca…
Joined April 2008

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    1. Kim-Mai Cutler‏Verified account @kimmaicutler 18 Dec 2018
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      The strangeness of California's tax code. Palo Alto 94301 is the most expensive zip code in America.https://www.usatoday.com/story/money/2018/12/17/these-are-the-most-expensive-zip-codes-in-2018/38693069/ …

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      Kim-Mai Cutler‏Verified account @kimmaicutler 18 Dec 2018
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      Despite having the most expensive zip codes in the country, Palo Alto has the lowest property tax rate in the whole state of California. https://www.trulia.com/research/prop-13/ …pic.twitter.com/25dh5oSEmL

      4:56 PM - 18 Dec 2018
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      • Jessie Agatstein Sean Patrick Hogan Jules E5CAPI5T Riana Pfefferkorn Theo, Yes on Prop 15 this November Tom Poston 💧 SCAlvarez Kieryn Darkwater 💙 Prop 15
      14 replies 43 retweets 83 likes
        1. Kim-Mai Cutler‏Verified account @kimmaicutler 18 Dec 2018
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          But then again, Palo Alto's 94301 zip code remits nearly $1 billion a year in personal income tax. https://www.latimes.com/projects/la-pol-ca-next-california-economy/ …pic.twitter.com/clXSA81fQz

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        1. Mike Fernandez‏ @MikeFernandezCA 18 Dec 2018
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          Replying to @kimmaicutler

          Common feature on this list - lots of towns that were historically nice but not necessarily *wealthy*, but have become so in the past 20-30 years.

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        1. Bone Spirit Raider‏ @henrycobb 18 Dec 2018
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          Replying to @kimmaicutler

          Typo: You wrote "Despite" instead of "Because of". Purpose of a tax system is to soak the poor, not the rich.

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        2. Luke Andrews‏ @attaboy 18 Dec 2018
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          Replying to @kimmaicutler

          This makes sense to me (and even suggests that Palo Alto works more like a non-California city): if the total assessed value of all property in a city increases rapidly, a city can maintain or even increase revenue while lowering the % rate.

          1 reply 0 retweets 3 likes
        3. Coba Weel‏ @weel 18 Dec 2018
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          Replying to @attaboy @kimmaicutler

          I mean, what's "normal" anyway, but when value per acre goes up, you'd expect to see that partially reflected in value per unit, and partially in units per acre... Not in Palo Alto, of course.

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        1. thot leedurr‏Verified account @DocDre 18 Dec 2018
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          Replying to @kimmaicutler @benedictevans

          @dradambanks

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        1. Ash‏ @ashray5 18 Dec 2018
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          Replying to @kimmaicutler @benedictevans

          Top 10 list is full of priciest neighborhoods in California. Less skeptical view is that at some point the city locale doesn’t need more money to meet its needs and there is no need to raise taxes. Wealth redistribution is not city’s mandate.

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        1. J‏ @jwilsontennis 18 Dec 2018
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          Replying to @kimmaicutler

          Guessing Hillsborough and Atherton don’t have 1k+ single family homes to be eligible?

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        1. Walter McLeod‏ @walterLmcleod 18 Dec 2018
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          Replying to @kimmaicutler

          good data. not surprising given the influence of silicon valley that their taxes are among the lowest.

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        1. Paul Gowder‏ @PaulGowder 18 Dec 2018
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          Replying to @kimmaicutler

          Poorer communities often have to charge much higher property tax rates in order to fund basic service levels. I haven't seen the data but I understand from people who study this kind of thing that it's sadly normal.

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