Is it between your BeBox and your Altair 8800?

I pralayed burbed and found that comment.

Maybe it is time to put some houses for sale on woot… Imagine “Gables End” and “sold out” in the same sentence!

Real Apple fanatics use Newtons.

1) it will be impossible to repeal, or even modify

2) if it were repealed and property tax reverted to market, there would be a huge flood of supply.

a contributor to the spread in market value and rental equivalent in SFHs is prop 13. take it away and the olders will sell rather than take the 20x tax hit. and the newsters, the won’t be able to afford to be so generous come lease signing time. as is, prop 13 artificially restricts supply because the carry cost of a house you have owned for 15++ years is too low to notice.

Actually, issue # 1 is the whole proposition system to begin with. I am sorry, but that concept takes the spirit of democracy and makes it look and sound like a Raffi record. The California recall farce should have been the first tell tale sign of how broken our system of government is in this state.

Seriously. Has anyone ever seen something so asinine? It takes one of the core portions of check and balance concept of our republic and turns it into a farce.

I have to admit that even though I am a staunch supporter of gay marriage rights, I think there was some level of poetic justice by seeing the vaulted prop system used as a tool of discrimination when prop 8 was put on the ballot. I just wish everyone could take a step back and realize the message there: that the logic behind a mechanism like the proposition system will ALWAYS invariably lead to individuals using the system for their own personal benefit at the expense of others. Prop 8 stripped the individual rights of an entire class of people and prop 13 pushed a massive burden onto an entire generation for the benefit of the prior one.

And, while the LA Times may consider the fact that CA has the third lowest ratio of state workers to citizens in the country a boon to their tax em’ more editorial, I find the fact that our state is going bankrupt paying for so few people discouraging.

What that exercise omits, and this a blaring omission IMO, is reform. The sole solutions are not taxes and cuts, as the narrative floating around the state media would have you believe.

I think most Californians would take a further kick in the balls if there were reformative policies that came along with it, perhaps including changes in the way property is taxed and how state workers are compensated.

http://www.latimes.com/news/local/la-statebudget-fl-2,0,6957202.htmlstory

And there would be nothing more satisfying to see a fat tax bill dropped on the steps of these boomers who’ve been sucking the last bit of blood from gen-x corpse for so long.

But my staunch and unwavering position is that the current predicament that our state has little to do with revenue. In that respect I think our state has a dozen or so major issues to work out before Prop 13 needs to be addressed.

That sounds even worse. If one lives in a house more than, say, 20 or 30 years, probably he won’t be paying any tax to county. But he will continue to utilize all the services provided by city/county.

CB,
City has its infrastructures and services. So residents has to be taxed one way or another. If it is not property tax it will another way (resident tax?). Bottomline, people should to pay for the services. Taxing property happened to be convenient way to collect tax – historically.
If prop 13 supporters wanted to keep granny in home, they should have provided a model that is sustainable in long term without taxing younger generation more. Yes, constant assessing home value and taxing people is probably a wrong thing. But Prop 13 is not right either. Both are wrong.

Again, two wrongs don’t make it right.

And, I’m not clear on why real property is somewhat unique in that even as a one time purchase of a material item, it is constantly reassessed and taxed based on an appreciating/depreciating value.

I’m aware most investments are taxed at current value, but only until recently most buyers considered their home as only a possession and place to live, not an investment per se.

In that respect, I don’t see why a home is not taxed at the current sales tax rate at the time of purchase and those taxes either paid in full at the close of escrow, or financed with interest payable to the county.