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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Lizzie Tudor who wrote (8912)2/15/2003 8:16:54 PM
From: ConanRead Replies (2) of 306849
 
Lizzie,

I was talking to a friend in Sacramento this week about the problems with the state budget. (This person works for the State). She thinks the solution is to modify or overturn Prop 13. She told me if you look at a ranking of property tax burdens by state California has the lowest property taxes of the 50 states.

My main concern about this is that I am sure the state would want to go right from last to first place in terms of the property tax burden in order to solve their budget deficit problems. I personally would prefer to see tobacco taxes, sales taxes, and VLF go up than see property taxes go up. Prop 13 may be unfair to new buyers (including me) but if you own for the long run you do quite well.

Conan
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