[quote=Happs]What % of assessed value do you think is fair?[/quote]
Fair is such a subjective thing. (Even though we like to think there is some universal “fairness”) Are any taxes fair? What makes one tax fair but another not?
[quote=Happs] Do you think the % of assessed value should be progressive based upon worth? [/quote]
Are property taxes progressive anywhere? I’ve never heard of that. I think it would lead to people coming up with schemes to split their property assessment somehow.
But to put all this in relation to our current california situation, I would think that simply repealing any ability of heirs to inherit property assessments, and for reduced property assessments to only apply to principle residences would be good start.
Personally the thing that really bothers me is I know several of my neighbors are living with very low property taxes and declaring residency in a state with no income tax. Not only do they pay no CA income tax, they pay almost nothing property tax wise. People like me are carrying them and that doesn’t seem fair. (Darn couldn’t avoid that word!)
