Prop 13 and race
2022-02-16 22:46:22.682632+01 by Dan Lyke 0 comments
Betteridge's Law fails, because the answer is an emphatic "Yes!": Is California’s Prop. 13 racist? Homeowners in white neighborhoods of one city may get triple the tax benefit
The report found that home prices increased the most in affluent majority-white neighborhoods, creating an awkward predicament where new homebuyers can sometimes pay property taxes 10 or more times higher than longtime residents, even if the longtime owner’s house is worth more. Across the city, homes in white neighborhoods are under-taxed by an average of $693,924, the report found, compared to $216,430 in Latino neighborhoods, $317,990 in Black neighborhoods and $357,493 in Asian neighborhoods.
SPUR: Burdens and Benefits — Investigating Prop. 13’s unequal impacts in Oakland