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Politics : Bill Clinton Scandal - SANITY CHECK
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To: Zeuspaul who wrote (4099)9/21/1998 9:56:00 AM
From: j_b  Read Replies (2) of 67261
 
<<If I buy a house for $50,000 and tomorrow the house is worth $500,000 why should my property taxes go up? >>

You were never taxed for anything OTHER than the house's value. Your property taxes are not based on what you pay, but on what the property is assessed at. Every year, even under proposition 13, the taxes are increased if the assessment is increased. The same for your car, except that as it's value goes down every year, the tax goes down. For your car, they just hide it better - it's included in your registration fees.

What you are discussing is not whether it should be done, but how much each increase should be allowed to be. Even during the Proposition 13 fight, no one was suggesting doing away with taxation based on valuation.
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