[quote=jpinpb][quote=davelj][quote=jpinpb]I just heard on KPBS that 400 billion was paid in property tax just for last year. [/quote]
That was for the US as a whole. [/quote]
No. I think it was for California. They were talking about people applying to reduce their property tax because they have lost value in this downturn. I’m pretty sure it was California because we have Prop 13.
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You think wrong. It was for the US as a whole. Here’s a memo regarding 2007’s CA property taxes, which amounted to about $45 billion.
But before clicking on the link, ask yourself something: If CA has a $145 billion budget, how can it not be balanced with $400 billion of property tax revenues?
Anyhow, here’s your 400 billion number. It’s for the US as a whole.
