Re: Prop 13 - Here's a link to an article on an additional property tax of $50 per parcel - that is long way from taking a $3000 tax bill to $4500 by repealing Prop 13.
In fact, this is actually a massive avoidance of Prop 13.
msnbc.msn.com
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Big guns take aim at Prop. 13
By Timothy Roberts
SILICON VALLEY/SAN JOSE BUSINESS JOURNAL
Updated: 7:00 p.m. ET March 26, 2006
Two prominent Silicon Valley executives are preparing to take on the near-sacred Proposition 13 anti-tax measure. They envision a new statewide property tax to raise money for schools.
Reed Hastings, the chief executive officer of Netflix.com, and John Doerr, a high-profile venture capitalist, are funding a ballot initiative for the fall that would create a statewide $50 tax on every real estate parcel, both residential and business.
The change would raise an estimated $500 million for elementary and high school education. The money would be used to reduce class size, pay for textbooks and improve school safety.
Messrs. Reed and Hastings are working through the education advocacy group EdVoice, whose board of directors met March 22 and formally decided to support the initiative. EdVoice is the outgrowth of the coalition that Messrs. Reed and Doerr formed in 2000 to support Proposition 39, which made it easier for taxpayers to authorize bond issues to support school construction.
The latest tax proposal is the culmination of two years of study to come up with a method of financing improvements to schools.
"We wanted to find something reasonable, modest and has a history of being supported by the voters," says Paul Mitchell, the COO of EdVoice.
The tax would be similar to local parcel taxes, which are common in Silicon Valley.
>>more at link .....
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Only issue I see with this are taxes on land out in the desert that are worth under $2000.... |
