[quote=AN]CAR, sorry but your logic doesn’t make any sense. If you think landlord who are not pay market value taxes are getting a subsidy, then the same logic also apply to home owners who are not paying market value taxes. Renters are the ultimate payers of these subsidies because they have to pay higher income and sales tax to subsidize those long time owners. It doesn’t matter if they live in the house or not.[/quote]
Yes, of course the owner-occupied homeowners are also getting a subsidy if they’re not paying market property taxes. That’s a given. That’s why Prop 13 passed in the first place — so that people wouldn’t be taxed out of their own homes (primary residences) just because local RE prices were going up. That’s exactly how Howard Jarvis sold Prop 13 to the gullible voters who didn’t comprehend that the greatest beneficiaries of Prop 13 would be investors, not granny; and that the revenue lost because of Prop 13 would have to come from somewhere else.
This protection for owner-occupiers is the only subsidy that should exist (if any). It’s one thing to help people stay in their single, primary residences; it’s quite another to subsidize the profits of landlords, commercial/industrial property owners, and developers/owners of large tracts of land.
And it’s not just renters who pay these higher taxes and fees. We all do.
