[quote=CA renter][quote=bearishgurl] . . . It’s patently unfair for “heirs” to enjoy this perk while incoming purchasers carry them with market-rate property tax payments.[/quote]
This sounds more like a problem with envy than a problem with property taxes. Why do you feel YOU have the right to determine what other people pay on their taxes? You made the choice to pay more…that is NOT their problem.[/quote]
CAR, I’m not “envious” of these “heirs.” In years past, I, too (along with my siblings), sold my deceased parents’ primary residences in two different states (NOT CA) and split the proceeds with them. BOTH properties were free and clear. NEITHER had preferential tax treatment.
I hammered the best deal I could get on my property at the time I purchased. The bulk of my neighbors who are enjoying “Prop 13” benefits purchased their properties 50-62 years ago. I can’t compete with those prices and neither can you.