California Homeowners: Please Convert Garages into Apartments

Re:California Homeowners: Please Convert Garages into Apartm... by fnord77 on Tuesday April 23, 2019 @08:19PM (#19734369)

definitely need to repeal prop 13. This is creating housing dynasties. I personally know people who inherited rental properties from their parents who are paying taxes at 1980s-level valuation on these inherited properties because they never informed the city that their parents are dead. $40,000 tax valuation on a multifamily worth probably $2 million now.

[ Parent | on HN ]

Re:California Homeowners: Please Convert Garages into Apartm... by HillaryBriss on Tuesday April 23, 2019 @11:11PM (#19735228)

wait -- is that allowed by prop 13?

this seems like a separate issue. these are individuals who are simply breaking the existing tax law combined with a miserably run local government that fails to do even the most basic job of enforcing that law.

i mean, when someone dies, a death certificate is issued. the county government finds out about that event and it's losing money by not putting 2 and 2 together -- but it still fails. IMHO a better-run government is the first remedy here.

[ Parent | on HN ]

Re:California Homeowners: Please Convert Garages into Apartm... by fnord77 on Wednesday April 24, 2019 @01:36AM (#19735825)

Proposition 58 allows parents to transfer their properties to their kids and the kids get to keep the low taxes

Prop 193 allows grandparents to do the same with their grandkids.

[ Parent | on HN ]

Re:California Homeowners: Please Convert Garages into Apartm... by HillaryBriss on Wednesday April 24, 2019 @11:04AM (#19739063)

ok. thanks. so it's prop 58 (an amendment to the state constitution) which would need to be repealed. and, I guess this proves the old saying that it's not breaking the law that's outrageous, it's what is actually legal that's outrageous.

[ Parent | on HN ]