Waiting for @kimmaicutler in 3-2-1... Despite Prop 13, CA property tax revenue has soared https://calmatters.org/articles/despite-proposition-13-california-property-tax-revenue-soared/ … via @DanCALmatters
-
-
Replying to @lancelands @DanCALmatters
Yes because some newer and younger buyers are subsidizing the low tax rates and absurd real estate equity of the other generation.
2 replies 0 retweets 6 likes -
Capping prop tax makes real estate an even more wildly lucrative investment, so people park more money into it upfront. Unearned land
1 reply 0 retweets 0 likes
Increment gets absorbed by entities who bought in first and gets taken away from public/civic opportunities.
2:31 PM - 17 Jul 2017
0 replies
0 retweets
0 likes
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.