Re:The Bay Area’s tech boom in historical and social context
by mavelikara on Friday July 06, 2018 @04:44PM
(#17474937)
Locking in the property tax rate is a reasonable policy for reasons you explain. But it should not have been extended to non-residential, non-owner-occupied properties, and also it should not have been transferrable.
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Re:The Bay Area’s tech boom in historical and social context
by saltcured on Friday July 06, 2018 @07:57PM
(#17476019)
But, being non-transferrable would exacerbate the low-turnover problem by preventing those retirees from downsizing for fear of a big property tax increase.
Re:The Bay Area’s tech boom in historical and social context
by mavelikara on Friday July 06, 2018 @09:09PM
(#17476269)
I meant that the tax rate should not be transferrable to another person, say, a hier.