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Quote from: michigancat on October 16, 2020, 02:27:22 PMInteresting map on how Prop 13 impacts property tax. (Prop 13 caps property tax increases and only is reassessed when a property is sold.) Basically if you got in early you're golden and if you didn't good luck.https://www.officialdata.org/ca-property-tax/here's what a block in SF where pretty much every building is the same looks like:If a family member owns a house that you inherit after their death is your tax rate reassessed or do you still get to keep paying their super low rate?
Interesting map on how Prop 13 impacts property tax. (Prop 13 caps property tax increases and only is reassessed when a property is sold.) Basically if you got in early you're golden and if you didn't good luck.https://www.officialdata.org/ca-property-tax/here's what a block in SF where pretty much every building is the same looks like:
Because of a ballot measure passed in 1986, California is the only state in the country where children get to inherit their parents’ low property taxes on the homes they leave behind. That’s why you may have heard that Oscar-winning actor Jeff Bridges is paying only $5,700 a year in property taxes on an oceanside Malibu home his parents bought in the 1950’s. Like the vast majority of those who benefit from this inheritance tax break, Bridges doesn’t live in the Malibu home–he and his siblings rent it out, for $15,000 a month.
there's a ballot measure on this year's ballot to roll back the tax break on inherited properties unless the heirs live in the house. no idea if it's likely to pass or not.
yeah, i think it was written to trick people into voting to raise taxes, but i'm not sure of that.
Quote from: sys on October 16, 2020, 09:10:19 PMyeah, i think it was written to trick people into voting to raise taxes, but i'm not sure of that. Realtors are very much in favor of it which probably means it will lead to higher property values on average.
Quote from: michigancat on October 17, 2020, 01:01:49 PMQuote from: sys on October 16, 2020, 09:10:19 PMyeah, i think it was written to trick people into voting to raise taxes, but i'm not sure of that. Realtors are very much in favor of it which probably means it will lead to higher property values on average.And most importantly (to them), more turnover of properties.
most importantly (to them), more turnover of properties.
https://twitter.com/cafedujord/status/1338655668954271744
this is very true:https://twitter.com/DKThomp/status/1319285869166030851(I'm still not mad about the CAREN act though because LOL)
Quote from: michigancat on October 23, 2020, 10:15:53 AMthis is very true:https://twitter.com/DKThomp/status/1319285869166030851(I'm still not mad about the CAREN act though because LOL)Except that it’s not. I’m not sure what kind of mental gymnastics you guys did to arrive at that conclusion but it’s pretty impressive. If I owned a standalone home in sf I sure as crap wouldn’t want any large structures being built next to my home and it wouldn’t have anything to do with racism.
Explain to me, with facts, how you came to that conclusion
I’m mad that you two losers took two completely unrelated subjects and drew a line between them and think you’re making some profound point.
i think watching how the the california to texas migration changes the demographics in texas will be interesting
My anecdotal evidence (Idaho, Colorado, Arizona) suggests that most locals despise Californians when their influx becomes noticeable. Then when housing prices rise, and politics shift, the natives really ramp up the dislike.