L.A. council members propose taxing landlords who leave homes vacant

Re:L.A. council members propose taxing landlords who leave h... by scoofy on Friday June 21, 2019 @02:23AM (#20240314)

>These "vacant" homes are already taxed at whatever millage rate is set in Los Angeles...I'm presuming it's more than zero.

Prop 13 essentially broke the concept of property tax in California.

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Re:L.A. council members propose taxing landlords who leave h... by baggy_trough on Friday June 21, 2019 @02:39AM (#20240387)

That is an absurd statement. For example, it resets every time the house is sold.

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Re:L.A. council members propose taxing landlords who leave h... by sharkmerry on Friday June 21, 2019 @02:46AM (#20240423)

right. but its still limited to 1% of purchase price and only 2% raise each year. Whereas the other 49 states, reassess and raise taxes.

Prop 13 incentivizes not moving, and it only gets better the longer you dont move

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Re:L.A. council members propose taxing landlords who leave h... by chrisco255 on Friday June 21, 2019 @10:54AM (#20243007)

I do think Prop 13 should only apply to a primary residence. FL has a homestead exemption, for example, that lowers the assessment and there's a cap on yearly increases.

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Re:L.A. council members propose taxing landlords who leave h... by jiggliemon on Friday June 21, 2019 @02:47AM (#20240431)

Prop 13 is the only reason my grandma can live in the home that she purchased. Otherwise she’d be squeezed out due to property taxes.

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Re:L.A. council members propose taxing landlords who leave h... by zhoujianfu on Friday June 21, 2019 @02:50AM (#20240453)

Reverse mortgage?

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