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Politics : Formerly About Advanced Micro Devices
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To: tejek who wrote (231192)5/1/2005 11:16:25 AM
From: TimF  Read Replies (1) of 1571795
 
The 2% limit doesn't apply when the home is sold (you can have any sort of jump when that happens), and I think there may be other exceptions.

I could go on but I don't have the time. Prop. 13 has given the gov't haters of CA what they wanted........cheap prop. taxes. Unfortunately, along the way, the state could no longer be called the Golden State. Ten is living probably in one of the better areas and even he complains about traffic and other negatives. What has been done to CA is a crime. The state with some of the best weather and coastal beauty in the country is turning into a pit.

I don't think CA's property taxes are really all that low, they are not near the bottom. Every time a house is sold the house assement goes up without limit. Also even if CA's property taxes are low, there overall tax burden is not, so Prop13 is not starving the government for cash.

Tim
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