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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Maybe property should be taxed based on the market rate at time of purchase. I do kind of feel for the guy.
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That is what it is taxed at, plus 2% per year.
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