I have to disagree with the comment that CFD’s had nothing to do with Prop 13. They had everything to do with it. The cities/counties wanted to expand and needed to build infrastructure to do so. Yes they want the “teeter funds” but if there was no Prop 13 they could just raise property taxes to generate all the revenue they need which is what happens in every other state in the US that I know of.
I have a good friend back in NJ who pays $30,000 per year in property taxes. He lives in 100 year old Tutor home (about 3,000 sq ft in South Orange)he bought in the late 1980’s for about $350,000 and his taxes were about $10,000 at the time. In just over 20 years his taxes have tripled. In California he would have paid about $4,000 at the time fo purchase and 20 years later he might be up to $6,000. Prop 13 keeps tax revenues low for long time owners forcing the municipalities to look to new owners to make up the short fall.
