Re:Healthy California Act: proposal to make findings about s...
by unabridged on Wednesday March 08, 2017 @07:58PM
(#13825729)
California could get rid of their budget issues instantly with a progressive property tax. How about an extra bracket for nonhomesteads starting at values over $1M?
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Re:Healthy California Act: proposal to make findings about s...
by jquery on Wednesday March 08, 2017 @08:11PM
(#13825817)
How about we get rid of Prop 13, a not-so-stealth tax on the young.
Re:Healthy California Act: proposal to make findings about s...
by CalChris on Wednesday March 08, 2017 @08:30PM
(#13825945)
There are many bad things about Prop 13. Indeed I'm straining to think of anything good about it. But the worst is that it applies to commercial property as well.
Re:Healthy California Act: proposal to make findings about s...
by bsder on Wednesday March 08, 2017 @09:59PM
(#13826550)
> But the worst is that it applies to commercial property as well.
ding. Got it in one.
Normal residential properties transact roughly every 10-15 years with 40-50 years being on the way outside. So, most residential properties aren't too far behind their real value in taxes.
Commercial properties never transact; they just add more subleases. We had one property we rented which had 23 layers of sublease to avoid Prop 13.
Re:Healthy California Act: proposal to make findings about s...
by DrScump on Wednesday March 08, 2017 @09:07PM
(#13826241)
The Legislature is free to pass a Legislative Constitutional Amendment to remove part or all of Prop 13 protections (e.g. for commercial or rental property at least); all it would take is a simple majority of voters to take effect. They can even pick and choose which statewide election to use.
Re:Healthy California Act: proposal to make findings about s...
by nosuchthing on Wednesday March 08, 2017 @08:14PM
(#13825836)
That requires an effort to repeal Prop 13 asap.
Re:Healthy California Act: proposal to make findings about s...
by Apocryphon on Wednesday March 08, 2017 @08:38PM
(#13826003)
Maybe the time to begin such an initiative is now. And maybe the tech industry, which has long suffered from the related housing crisis, should back such an initiative.