Hard to believe you could have to pay taxes on taxes (if you hit AMT limits). Ain’t prop 13 and the tax code wonderful?
I don’t want to turn this into a prop 13 bash post, but seriously, how much longer can it go on where people who live on the same street pay such a disproportionate share of the property taxes? This is, of course, especially pronounced in established areas of the city, but with the recent runup, it can even be a little ridiculous in fairly “new” areas.
