[quote=no_such_reality][quote=SK in CV][quote=bearishgurl]
We can’t have it both ways … that is … 40%+?? of CA’s landowners paying 1/10th of 1% of the current market value of their properties due to artificially low assessments which will NEVER catch up to even being close to the market value…[/quote]
Do you know this 40% number is right or are you just guessing at it? I have no idea. [/quote]
She’s guessing. As is anybody blaming Prop 13. The simple truth is that property tax collections, have risen faster than inflation and population growth since before prop 13 was passed.
In other words, adjust the property taxes collection just before prop 13 passed for inflation and population growth and we collect more now.[/quote]
Your forgetting a major elephant in the room here, NSR. All the CA population influx since 1978 has to be served by cities, counties and the Federal government.
How much of a portion of CA’s population influx actually pays any property taxes at all? And what is the percentage of CA’s landowner population influx since 1978 that pays market rate taxes for their parcel(s).
And even if a CA home-owning family IS paying market-rate property taxes of say $5,700 yr (no MR), are located in a municipality which offers them sidewalks, street lights and storm drains and have two kids in public school, how much do you think it costs annually for all levels of gubment to service this family?
