this LAO report is good: http://www.lao.ca.gov/Publications/Report/3497 …
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Peter Schrag's Paradise Lost is also good. https://www.amazon.com/Paradise-Lost-Californias-Experience-Americas/dp/1565843576 …
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@asaxena why would a person who bought that house at $57k should be paying the taxes for $1.3 million house? -
why should they get to keep virtually all the appreciation when they sell, free and clear?
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@asaxena more government revenue per person now than pre Prop 13 per LAO -
who is paying the "more revenue per person"? Young people. New property owners.
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Where's or when was the lawsuit that says property must be taxed fairly and equally (while also not overly increasing taxes)?
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CALIF CONSTITUTION, ART. 13 TAXATION SEC. 1. (a) All property is taxable & shall be assessed @ same % of fair market value.
@kimmaicutler - 1 more reply
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@asaxena you can read LAOs analysis of its impacts. no it did not 'deprive' cities of revenueThanks. Twitter will use this to make your timeline better. UndoUndo
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wow, California's property tax structure is like 70s NYC rent control 100x unfair
Thanks. Twitter will use this to make your timeline better. UndoUndo
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