Re:Why California is so expensive: It’s not just the weather...
by dragonwriter on Tuesday July 19, 2016 @06:40PM
(#12125496)
> In California, Prop 13 has de-coupled property taxes from market value altogether
Incorrect; there are limits to annual increases in tax basis value outside of qualifying events (changes of ownership, new construction on property, etc.), but tax basis isn't divorced from market value altogether.
Incorrect; there are limits to annual increases in tax basis value outside of qualifying events (changes of ownership, new construction on property, etc.), but tax basis isn't divorced from market value altogether.