Predictably, this guy lives in a $2.8M Noe Valley home w/ a tax assessed value of $77K. #Prop13fiscalizeslandusehttps://twitter.com/juliacarriew/status/772849656833290240 …
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If people aren't taxed out of their homes, what do you suggest to replace Prop 13?
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fyi current law allows you to pay your property tax on ownership transfer. So even repealing 13 would not displace
End of conversation
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Can't people getting "taxed out" refi to cash out equity, and their estate *still* comes out ahead on appreciation?
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Don't agree with his NIMBYism, but property taxes are immoral and prevent true ownership.
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Florida is closer to having this right. Good subject. http://tinyurl.com/hmm22gq
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perhaps the threat of being taxed out would lead to a more development friendly market for housing
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