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.
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.