Proposition 13 again!
Follow @evolve_ca to change this.https://twitter.com/rolandlisf/status/1126245387717582853 …
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I don't think anyone's gone after 49% sales, but there was this bill related to 90%+ sales split up into smaller chunks. It failed: https://www.bizjournals.com/sanfrancisco/news/2017/10/26/by-feasting-on-s-f-partial-stakes-big-real.html …pic.twitter.com/Q6GVWmT2sx
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Actually don't think that one would have affected transfer taxes, just the reassessment timing.
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Seems like the cleanest fix is to have any transfer of ownership, no matter how slight, trigger a full reassessment, and charge transfer tax on the portion transferred.
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Completely wrong on your first point, cleanest is to reassess annually. So the prop 13 reform will mostly solve this, though you could imagine large apartment buildings being sold in 49% increments as well.
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