1) Land tax. Low property taxes that Californians voters passed in 1978 got capitalized into higher housing values.https://twitter.com/AaronPeskin/status/760238274384236544 …
the property values stay at 1% of assessed values from when you purchase, the value gains are taxed later.
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As an additional special state capital gains tax? Not annual reassessment?
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maybe that effective rate would even drop if you're open to re-developing your space to have more housing capacity.
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But: cap gains tax revenue goes to State & Feds; property tax revenue (mostly) to local government.
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property tax revenue is mostly state funneled back out to K-12. Could you reform that cap gains pt?
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