Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Lizzie Tudor who wrote (10916)	6/2/2003 2:38:54 PM
From: Les H	Respond to of 306849

They should just equalize the property tax rates, somewhat higher for the older homes and lower for the newer, and make up the deficiency on the real estate transaction/recordation taxes and the sales tax.

To: Lizzie Tudor who wrote (10916)	6/2/2003 2:43:17 PM
From: Paul Viapiano	Read Replies (3) \| Respond to of 306849

I usually get into an argument with folks when I espouse this, but I feel that Prop 13 paved the way for the ridiculous housing prices in the California market. I can't believe that prop taxes would've forced millions out of their homes...the revolt should've been against housing inflation. I'd much rather pay 3-5% prop taxes on a "nice, normally priced" $200k home, than my current 1.25% on my $500k overly-inflated-fixer-upper...it'd save me about $1k a month! By the way, what are prop taxes % in Boston? How about NY state? Anyone?