[quote=CA renter][quote=UCGal]I’m going to agree with CAR on this, which is pretty ironic. Ironic because I bought the house I’m living in from my dad (and have the low property taxes that BG and CAR hate so much.)
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Just want to clarify that I am not opposed to an inherited Prop 13 tax basis, but only as long as the heir is using it as their single primary residence.
It’s BG who is opposed to the inherited tax basis, while I’m opposed to the corporate loophole and Prop 13 protection for second homes and investment properties. Basically, I think Prop 13 protection should only apply to a single primary residence.[/quote]
I guess I’m still in doo-doo on that one too. We built the granny flat – so we’re technically multi-family not SFR… and the granny flat is a rental property. If it helps – our property taxes went up to triple what they were when we built the granny flat. They charge current rates when you add on new square footage or extensively remodel.
