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by throw8383833jj
1574 days ago
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In CA you can have your cake and eat it too. My property values have gone up 30% just in the last year and yet, with Prop 13, my property taxes will only go up 2%. can you imagine the long term ramifications of such a taxation policy? the guy who made 2 million $ in equity gains over the last 20 years is paying 5 times less property taxes than the poor schmuck with 0 equity gain who just bought the same exact house at 4 times the cost. sure they're both paying a lot of property taxes but the one who just bought into the system, is paying a lot lot more. |
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