California income taxes
#281
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,122
Prop 13 is already starting to have resistance; with a measure up now to allow reassessment of commercial and industrial properties. The state has changed drastically from when Prop 13 was enacted decades ago, this isn’t the same state Reagan once governed. All paths of revenue will be explored, as it is now with the adjustment measure for Prop13
The California constitution requires 2/3 majority vote to increase taxes. Until that passes or there is a constitutional amendment to change that, which also requires 2/3 vote, it’ll stay. But you are correct in that liberals keep trying. I’ve seen voter propositions put on the ballot to try to change it. Every two years it seems that they are trying to change that law.
#282
Gets Weekends Off
Joined APC: Feb 2013
Posts: 132
Prop 13 is already starting to have resistance; with a measure up now to allow reassessment of commercial and industrial properties. The state has changed drastically from when Prop 13 was enacted decades ago, this isn’t the same state Reagan once governed. All paths of revenue will be explored, as it is now with the adjustment measure for Prop13
https://www.latimes.com/california/s...-measure-taxes
"Proposition 13 may be practically untouchable. Legislators who must run for reelection in competitive districts fear danger in venturing near it, except to serve as protectors. Presumably their read on the districts they represent is that voters are saying hands off 13.
Former Gov. Jerry Brown understood that as well as anyone. Before he was elected to a third gubernatorial term in 2010, Brown told me: “Messing with 13 is a big fat loser.” And he didn’t."
#283
Banned
Joined APC: Feb 2007
Position: Delta Gear Slinger
Posts: 415
I have no problem with people that don’t like where they live making a move. I left the south because I didn’t like it. I certainly don’t trash talk the place though. No where else has biscuits like the south.
#284
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Joined APC: Dec 2009
Position: Narrow/Left Wide/Right
Posts: 3,655
Neighbor across the street were in at the top (back in 2005) for $999K and struggled even as dual working yuppies, to pay their mortgage, and over $11K property tax bill. House beside me was owned by original owner from 1996 for $250K and was used as a rental with taxes locked in at less than $4K per year, their tenants rented the house for $3300/month in our neighborhood because of the good reputation and schools. (obviously this landlord was making a mint on a mostly paid off house and minimal taxes, good for them, but subsidized by the rest of the taxpayers).
We all lived within shouting distance of each other, all had kids in the same local elementary school and had the same police/fire etc. We all had houses that were within 100sq ft in size of each other and could have gone on the market almost interchangeably.
How is that system fair that the newer people buying the older houses are paying almost 3x as much property tax for the same services????
Before I get the old argument (but hey I bought my house with cash in 1982 and despite blowing out the budget for years, I don't want/can't afford to pay all the requisite taxes) I'll say do what they do in Oregon, allow seniors on fixed incomes to defer tax increases on their property until their eventual selling of the property. The county gets a tax lien but the seniors can stay without paying the additional property taxes until the house changes hands. Eventually their estate will make the county whole.
When you remove the taxpayer from the equation of what to spend tax money on you get the situation where everything just goes up with out due consideration.
#285
Gets Weekends Off
Joined APC: Nov 2017
Posts: 2,122
California income taxes
Because I lived on a street with $800K houses +/- $500K depending on when you bought your house. I was in in at $700K and paid about $8000/yr in property tax after all the other "fees" were added to the 1% figure.
Neighbor across the street were in at the top (back in 2005) for $999K and struggled even as dual working yuppies, to pay their mortgage, and over $11K property tax bill. House beside me was owned by original owner from 1996 for $250K and was used as a rental with taxes locked in at less than $4K per year, their tenants rented the house for $3300/month in our neighborhood because of the good reputation and schools. (obviously this landlord was making a mint on a mostly paid off house and minimal taxes, good for them, but subsidized by the rest of the taxpayers).
We all lived within shouting distance of each other, all had kids in the same local elementary school and had the same police/fire etc. We all had houses that were within 100sq ft in size of each other and could have gone on the market almost interchangeably.
How is that system fair that the newer people buying the older houses are paying almost 3x as much property tax for the same services????
Before I get the old argument (but hey I bought my house with cash in 1982 and despite blowing out the budget for years, I don't want/can't afford to pay all the requisite taxes) I'll say do what they do in Oregon, allow seniors on fixed incomes to defer tax increases on their property until their eventual selling of the property. The county gets a tax lien but the seniors can stay without paying the additional property taxes until the house changes hands. Eventually their estate will make the county whole.
When you remove the taxpayer from the equation of what to spend tax money on you get the situation where everything just goes up with out due consideration.
Neighbor across the street were in at the top (back in 2005) for $999K and struggled even as dual working yuppies, to pay their mortgage, and over $11K property tax bill. House beside me was owned by original owner from 1996 for $250K and was used as a rental with taxes locked in at less than $4K per year, their tenants rented the house for $3300/month in our neighborhood because of the good reputation and schools. (obviously this landlord was making a mint on a mostly paid off house and minimal taxes, good for them, but subsidized by the rest of the taxpayers).
We all lived within shouting distance of each other, all had kids in the same local elementary school and had the same police/fire etc. We all had houses that were within 100sq ft in size of each other and could have gone on the market almost interchangeably.
How is that system fair that the newer people buying the older houses are paying almost 3x as much property tax for the same services????
Before I get the old argument (but hey I bought my house with cash in 1982 and despite blowing out the budget for years, I don't want/can't afford to pay all the requisite taxes) I'll say do what they do in Oregon, allow seniors on fixed incomes to defer tax increases on their property until their eventual selling of the property. The county gets a tax lien but the seniors can stay without paying the additional property taxes until the house changes hands. Eventually their estate will make the county whole.
When you remove the taxpayer from the equation of what to spend tax money on you get the situation where everything just goes up with out due consideration.
Again, it’s fair because everyone would be treated the same. You tell me how it’s unfair to be treated exactly the same as anyone buying homes next to each other in the same year? The person buying a house today would be taxed the same rate as another person buying a different house today. A person who a house in 2005 was taxed at the same rate as another person that bought a different house in 2005. A person buying a house in 1982 was taxed at the same rate as a person buying a house today.
This isn’t a complicated concept. But I wouldn’t argue against the person buying a house today paying the same dollar amount as the person who bought that same house before.
#286
Again, it’s fair because everyone would be treated the same. You tell me how it’s unfair to be treated exactly the same as anyone buying homes next to each other in the same year? The person buying a house today would be taxed the same rate as another person buying a different house today. A person who a house in 2005 was taxed at the same rate as another person that bought a different house in 2005. A person buying a house in 1982 was taxed at the same rate as a person buying a house today.
This isn’t a complicated concept. But I wouldn’t argue against the person buying a house today paying the same dollar amount as the person who bought that same house before.
This isn’t a complicated concept. But I wouldn’t argue against the person buying a house today paying the same dollar amount as the person who bought that same house before.
#287
Gets Weekends Off
Joined APC: Dec 2006
Position: 737 FO
Posts: 2,370
Again, it’s fair because everyone would be treated the same. You tell me how it’s unfair to be treated exactly the same as anyone buying homes next to each other in the same year? The person buying a house today would be taxed the same rate as another person buying a different house today. A person who a house in 2005 was taxed at the same rate as another person that bought a different house in 2005. A person buying a house in 1982 was taxed at the same rate as a person buying a house today.
This isn’t a complicated concept. But I wouldn’t argue against the person buying a house today paying the same dollar amount as the person who bought that same house before.
This isn’t a complicated concept. But I wouldn’t argue against the person buying a house today paying the same dollar amount as the person who bought that same house before.
#288
Gets Weekends Off
Joined APC: Dec 2005
Posts: 8,922
No, I was just giving ShyGuy a hard time because he chooses to live in LA and complain about it when he could just as easily live in WA tax free, or commute from AZ. Obviously there is SOMETHING he likes because he has plenty of options elsewhere.
I have no problem with people that don’t like where they live making a move. I left the south because I didn’t like it. I certainly don’t trash talk the place though. No where else has biscuits like the south.
I have no problem with people that don’t like where they live making a move. I left the south because I didn’t like it. I certainly don’t trash talk the place though. No where else has biscuits like the south.
What’s wrong with complaining about CA? There are some legitimate complaints about California, many of which are well deserved.
#289
Banned
Joined APC: Dec 2009
Position: Narrow/Left Wide/Right
Posts: 3,655
Again, it’s fair because everyone would be treated the same. You tell me how it’s unfair to be treated exactly the same as anyone buying homes next to each other in the same year? The person buying a house today would be taxed the same rate as another person buying a different house today. A person who a house in 2005 was taxed at the same rate as another person that bought a different house in 2005. A person buying a house in 1982 was taxed at the same rate as a person buying a house today.
This isn’t a complicated concept. But I wouldn’t argue against the person buying a house today paying the same dollar amount as the person who bought that same house before.
This isn’t a complicated concept. But I wouldn’t argue against the person buying a house today paying the same dollar amount as the person who bought that same house before.
Every time you buy into the CA market at its inflated (due to demand) prices, you are paying for the poor decisions of the past.
I rented my house out for years after I left, and enjoyed the same property tax savings that I cited before, for a decade before I decided to get out of the market. My tenants used the same school as my neighbors who "foolishly" had to pay 30% more property tax each year.
I understand the premise...... reward the long time residents and punish the newcomers, but with the growth in prices, it sets up a very inequitable situation in most neighborhoods around the state.
#290
I do know they have made adjustments to 13 for older residents, with other amendments, so I don’t think they would have to throw the old baby out with the bath water if they “fine tuned” 13. Texas, for example, has homestead exemptions for older residents where they can take a deduction off their property value, and pay reduced taxes.
If Sac changes that unilaterally, I think there's a higher threshold to overturn a proposition compared to normal law. Also the voters might just do prop 13b the following Nov.
Prop 13 happened for a reason, and the reason hasn't changed.
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