Re:To solve affordability crisis, Bay Area housing stock mus...
by pascalxus on Tuesday May 01, 2018 @03:08PM
(#16970347)
Repeal 13 and lower the property taxes from 1.3% to 0.6%.
Of course, about 80 to 90% of the existing homeowners (in many neighborhoods most people bought they're homes more than 20 years ago, you can verify this for yourself on zillow) won't like that, as they're currently paying about 0.1 to 0.05%! So, it's a pretty hard sell.
Of course, about 80 to 90% of the existing homeowners (in many neighborhoods most people bought they're homes more than 20 years ago, you can verify this for yourself on zillow) won't like that, as they're currently paying about 0.1 to 0.05%! So, it's a pretty hard sell.