For example, who is paying 50% of Alameda County's property tax revenues? The people who bought in 2010 and after! https://www.acgov.org/assessor/documents/2017-2018_Annual_Report.pdf …pic.twitter.com/TEL13Uccyg
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For example, who is paying 50% of Alameda County's property tax revenues? The people who bought in 2010 and after! https://www.acgov.org/assessor/documents/2017-2018_Annual_Report.pdf …pic.twitter.com/TEL13Uccyg
I would counter that it is the structural problems in an inflated market that is over taxing the new comers.
Are there any studies, data on this that also includes income tax/sales tax burden?
Dont fault the homeowners. Fault the lack of approved new construction that distorts housing prices.
Sure... Except those same long time homeowners are the ones preventing approval of new construction.
These are the types of families who want to preserve their Prop 13 generational advantage by making the tax assessment transferable (and inheritable) to new properties they buy when they "downsize".
/googles "proposition 13 california" Well, that's an insane bit of public policy.
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