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Politics : PRESIDENT GEORGE W. BUSH
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To: AK2004 who wrote (529132)1/25/2004 1:01:02 PM
From: Lizzie Tudor  Read Replies (3) of 769667
 
there is a tax law called "prop 13" which essentially says your property taxes cannot be reassessed (to any meaningful degree) in CA. The voters created this initiative in the 70s when people were being pushed out of their homes due to appreciation of property and reassessments. So its a huge gravy train for these long time homeowners, they pay NOTHING for property taxes. This is the rub in the California tax equation. California on a per capita basis has LOW property taxes, because there is no incentive to ever sell a home you bought 20+ years ago. This is a hugely unfair system and I am against it but for now it is the law. So when you evaluate CA taxes overall you cannot take CURRENT new homeowner taxes and assume everybody pays that, they don't.
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