If you're paying 80s-era prop tax rates, have $1M+ in equity & are a net revenue drain on city finances, least you can do is support housingpic.twitter.com/8MFJBknhYu
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Today a $1m home nets the state $12k a year in taxes. That is a thousand a month to rent from the state. How much more do you want to take?
Boomers don't pay that if they've owned for decades. Millennials do.
I don't believe in pricing people out of their homes through taxes but if newcomers & young people are subsidizing your costs...
1) That is exactly what you are advocating. That was exactly the reason for Prop 13 in the first place.
It is a flat misrepresentation that property is not reassessed every year. From http://Zillow.com pic.twitter.com/wdoIZVFSHy
And is that screen shot of a property in CA? Was the property sold in 2015 or 2016? If yes to both, you just proved her point
How about not wasting the resources that the taxpayers are giving you in the first place.
That is horse pucky. Homes are reassessed each year and taxes increase with the economy.
Non reassessment is a myth promulgated by anti-prop 13ers...
How would you like your taxes increasing by thousands of dollars every year?
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