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: techanalyst1 who wrote (12437)	8/16/2003 11:47:38 AM
From: Lizzie Tudor	Read Replies (2) of 306849

I doubt a total repeal is in the cards, or that CA rates will rise to Nebraskas. One possibility would be to raise the allowable "increase" amount on taxes to 10% per year from 2%, for those properties that are taxed at less than 50% of fair value, or something like that, and make this apply to all absentee homeowners. All it will take is a few public service announcements from Buffett and Arnold that really illustrate the discrepancy, choose some high profile residents like celebrities.... and say "Barbara Streisand pays 2K in property taxes, what do you pay"?"... etc. The new residents to this state are blind to this inequity and there isn't a lot of press about it. Just get this right out there in the open, and raise taxes on people like my former absentee landlord who was paying 800$ per year and raking in 3K/mo in rent. I was a resident there, using all the services, no wonder the state is broke.

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