If Prop 13 limited tax increases, then wouldnt the state go broke, or were the added taxed not needed. If they werent needed, then why not change the tax rate instead of playing favorites with people. So if the tax rate were 1.1% and housing prices went up 20%, then next year the rate would drop to 1% for all. There was inflation outside of housing and thus state costs were higher. I’m just rambling here so I’m sure I’m missed something huge.
If prop taxes were the reason seniors lost their houses, then why did Prop 13 apply to rental as well. Could it be that politicos had rental property or were bribed by CAR? NOooooh way.
