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

To: Les H who wrote (12398)	8/15/2003 6:21:21 PM
From: David Jones	Read Replies (2) \| Respond to of 306849

I need to back up some and say contrary to what Elroy said Prop 13 does not freeze property tax it limits the rise in valuations to 2% per annum. ... many years of accumulated capital gans on which they may owe a much lower tax, if any, than when prop 13 was enacted... I don't see how anyone can have lower taxes than before Prop 13. Are your refurring to the 250/500 two year rule for residences? If so please everyone leave it alone, I'm not done with it yet.)