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by fasthands9 815 days ago
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.

1 comments

You're comparing income tax to a sorta wealth tax. CA properties tend to be worth more than in other states, so even if the % property tax is lower, it can be a higher $ or % income amount.
California is ranked 15th in dollars collected per house by property tax.

In terms of "property tax as a percentage of personal income" it is only 24th.

https://www.visualcapitalist.com/cp/us-property-taxes-by-sta...

But 24th makes it in the middle.