Remember, newcomers and newer homebuyers subsidize public services, infrastructure & schools for longtime homeowners with their much higher property taxes!https://twitter.com/louisgray/status/987020742041600000 …
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Since when did my comment on the distribution of taxes become a proposal? This is de facto Bay Area policy though. Many cities have huge unfunded liabilities, so they approve office & no housing. The ensuing property boom (& displacement) helps them run in place against deficits
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Chart could be more useful if homeowner property was compared to all other prop, or at least residential (including landlord-owned residential) vs other property. I think we'd find commercial prop is revalued much less often & makes up big percent of pre-2010 property values.
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Yeah sorry I should’ve clarified and said residential.
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This is crazy. I feel like this should be a bigger issue than it is.
@SCCgov do you/the assessor have similar data to share? - 2 more replies
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Don’t think there is a database of Prop 58 exemptions, but you might be able to track change in ownership without reassessment, although that would also capture marriage/divorce transfers as well.
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Yep. It me. Ugh.
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