> and they should thank you for your share of the taxes that you paid over the years to keep community in good shape.
After four years, I'd already paid more in lifetime taxes than my neighbors. After eight years, I've paid more than they will ever pay in their lifetime.
After twelve years, my new neighbor will have paid more than my lifetime tax bill.
It's completely out of line.
Somebody call the waaahmbulance.
No CA homeowner should be surprised by this. Guess what you probably paid a higher price than them - voluntarily!!!
Also, I'm not sure how what I paid is at all relevant to a tax that is based on current value.
When you register a car, which is also taxed on current value, it has nothing to do with what you paid. If you got a good deal you don't save on your registration fee. Even in the first year.
Not as much as the ratio of property taxes would make you think; given Prop. 13’s other provisions, like the limit on nominal rates, much of the revenue functions that are served by ad valorem property taxes in places that aren't crippled by Prop 13 are, in California, served by a combination of:
(1) Mello-Roos fees (per-parcel assessments that are weighted by value and so aren't affected by the Prop 13 assessment increase discrepancy),
(2) state and local income taxes,
(3) state and local sales taxes.
If my tax bill is X, the rates are as follows, for nearly identical houses, all valued nearly the same on Zillow/Redfin:
The two lowest payers don't have kids in school, so an argument could be made for them to have slightly lower taxes, but they still use the police, fire department, parks, and they have access to the senior center, which I do not.The rest of us have kids roughly the same age.
So basically the people who just moved in are subsidizing the rest of us significantly.
It's completely unfair.