The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Lizzie Tudor who wrote (12407)	8/15/2003 8:33:06 PM
From: Ramsey Su	Read Replies (2) of 306849

My view is that the repeal of prop 13 means LOWER property taxes for me and most I know, LOWER property prices overall and better services. Lizzie, I have a bridge to sell you. Your view is wrong wrong wrong. Don't take my word for it. Go down to the assessor's office and look at the tax roll. Take your own neighborhood. Go see how many properties are paying $2,000 while you are paying 6-10 times that. Too lazy to do that? OK, try this. Take a piece of paper and write down the names of everyone you can think of. How many of them are paying $2,000 while you are paying 6-10 times that. You somehow believe that only you and your few friends are paying through the nose while everyone else is paying $2,000? And I'm sorry that people would be blindsided with what their property taxes might be from one year to the next without prop 13- although as far as I know every other state has this issue and deals with it- however maybe there is a way to mitigate the damage of sticker shock for a property tax increase in some way. The wise people of California did figure out how to mitigate the damage of sticker shock years ago. It is called PROP 13.

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