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by antif 3102 days ago
California Proposition 13, to me, has been a ticking time-bomb of a 'youth tax' over the past forty years. As much as I respect that it serves to protect the vulnerable and elderly from heightening costs, it has unduly shifted that burden onto everyone else.

I believe todays homelessness is surely in part being caused by this untouchable stick-in-the-mud legislation.

Property tax appraisals for neighboring houses are wildly variant, some times by a factor of 20x (eg, home market value of two million or more, but taxed on a state appraised value of 100-200k). So a young person buying their first home seemingly must always pay a significantly higher annual property tax when compared with the family next-door who've kept the property family owned for a generation.

2 comments

If you want to see the most bi-partisan, passionate, and active opposition in the history of California, try taking on Prop 13. This will never get repealed because it's the one thing every politician knows will rally the vast majority of voters, regardless of ideology, and result in an immediate political death sentence.
As much as I respect that it serves to protect the vulnerable and elderly from heightening costs

And I would even question that. If your house has appreciated so much that you can't afford the property taxes, so you're "forced" to sell it for a huge profit...maybe in an ideal world that wouldn't happen, but it's nowhere near the top of my list of injustices that need to be fixed.