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The Water Cooler
General Discussion
Housing Cost Increase and Taxes
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<blockquote data-quote="Parks 788" data-source="post: 3576905" data-attributes="member: 14646"><p>See, one of the few things that CA got right, not the govt, was to pass Prop 13. This was legislation that allowed the state to only increase the property taxes no more than 3% per year max. The libs are always trying to change the law but so far have been unsuccessful. </p><p></p><p>I'm not sure I see much of the problem some of you are talking about other than the % taxed keeps going up. I get it, mine went up 3% every year. The ridiculous thing about CA, one of many, is that if you sell your home the new owners will pay the full assessed value of the property which is the property taxes based on the purchase price. For instance, my property taxes that i just paid for 2020/2021 were $8100. The guy that just bought my house will have a property tax bill of over $22K per year. My assessed value was was less that half of the actual value of the property. I'm guessing your property values are not going up the same amount of your assessed value? Is that the beef everyone has?</p></blockquote><p></p>
[QUOTE="Parks 788, post: 3576905, member: 14646"] See, one of the few things that CA got right, not the govt, was to pass Prop 13. This was legislation that allowed the state to only increase the property taxes no more than 3% per year max. The libs are always trying to change the law but so far have been unsuccessful. I'm not sure I see much of the problem some of you are talking about other than the % taxed keeps going up. I get it, mine went up 3% every year. The ridiculous thing about CA, one of many, is that if you sell your home the new owners will pay the full assessed value of the property which is the property taxes based on the purchase price. For instance, my property taxes that i just paid for 2020/2021 were $8100. The guy that just bought my house will have a property tax bill of over $22K per year. My assessed value was was less that half of the actual value of the property. I'm guessing your property values are not going up the same amount of your assessed value? Is that the beef everyone has? [/QUOTE]
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