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by fasthands9
815 days ago
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Even a sane prop 13 could be neutral on property taxes, just not give such a bonus for never moving. There is a lot of value society loses when people have an incentive to never upgrade/downgrade their property because the transaction costs, essentially, would be astronomical. California does have high overall taxes, but not the highest. Part of the reason income taxes are so high is because property taxes have a very low effective rate. |
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