Well, won't this be an interesting battle over CA housing costs, property taxes next year? http://www.sacbee.com/news/politics-government/capitol-alert/article48004310.html …pic.twitter.com/LpYp8UDJmS
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@kimmaicutler @louisgray of course, if you do sell, the new property owner gets hit with the much higher valuation, as makes sense.
@dannysullivan @louisgray I don't see that as the case. Prices set by demand & income, capital of buyer. Prop. 13 already inhibits turnover.
@kimmaicutler @louisgray controversial for people who bought years ago & have those valuations only if they sell.
@dannysullivan @louisgray totally, should be deferred as a transfer tax if they can't afford it in the present.
@kimmaicutler @louisgray that's the point of prop 13. that you don't get priced out of your home in order to pay taxes on it.
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