Predictably, this guy lives in a $2.8M Noe Valley home w/ a tax assessed value of $77K. #Prop13fiscalizeslandusehttps://twitter.com/juliacarriew/status/772849656833290240 …
CA state does not let cities tax cap gains. Just a raw transfer tax on sales price
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right. In places/cases w/huge price appreciation, like much of Bay, tho, outcome often similar
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if tax structure the problem, we should explore paths to reform it, esp local 1st if easier
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Can't most cities/counties tax LL's rent stream, which is FAR SUPERIOR to prop tax?
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