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Pastimes : Don't Ask Rambi

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To: epicure who wrote (4217)	11/2/1997 9:13:00 AM
From: Rambi	Read Replies (3) of 71178

Alexa-I don't know anything about Prop 13, but MikeS tells me that you pay only 1 or 2% on the value of the house to which you move? ANd that there are limits on the amount of annual increase? But that when you move, taxes are only higher than your new neighbors' because you are paying on the new valuation while they are locked into their initial? I don't think that's so bad..!! Michael is right. Without those controls everyone would pay more. Our taxes our well over that percentage and our houses appreciate yearly because this is a desirable area. Of course MikeS also informs me that our house would be worth about four times more out there. Wouldn't real estate appreciate just as quickly if the taxes were equitable? So what good would it do you? No way would taxes get LOWER than 1 or 2%...Wasn't that the probem-that before the controls, taxes were going up with the appreciation and it was out of control? Why do you think your 2% is a bad deal? (Since I pay a whole lot more) What you all pay for houses seems more to be a function of wanting to live somewhere everyone in the world would love to live! That's the price you pay (pun intended).

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