Predictably, this guy lives in a $2.8M Noe Valley home w/ a tax assessed value of $77K. #Prop13fiscalizeslandusehttps://twitter.com/juliacarriew/status/772849656833290240 …
(only if they choose to sell) I have no interest in destabilizing people's housing.
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yes, transfer tax is when property is sold, doesn't force or afaik destabilize housing.
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CA state does not let cities tax cap gains. Just a raw transfer tax on sales price
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