Prop 13 expansion?
2017-12-11 18:33:03.701937+00 by Dan Lyke 0 comments
Today in "are you fucking kidding me?" news... Prop 13 has utterly destroyed how California cities work. Increasing the scope of it is so many additional layers of awful.
Giving Grandma a tax break to get more homes on the market: realtors’ Prop. 13 ballot proposal:
The proposal from the California Association of Realtors would expand Proposition 13, the landmark constitutional amendment passed by voters in 1978 that has kept homeowners’ property taxes artificially low over the years, even as their home values have doubled or even quadrupled. Under the initiative, homeowners who are over 55 or severely disabled would be able to keep those lower tax obligations for life, regardless of how many times they move, as long as they stay in California.
“A lot of older people — and I’m one of those older people, by the way — are feeling locked into their properties,” said Alex Creel, a lobbyist for the association, which is gathering signatures to qualify the measure. “They’re holding onto their property not because they like their house, but because they like their taxes.”