sreeb – you are not alone. I agree that many would not be able to afford their home if property taxes were increased. Apart from people who bought during the bubble, most people buy homes based on their incomes and what their payments would be, expecting taxes to remain at a certain level. If taxes were increased substantially, it would cripple many households.
I agree that people would consider leaving and some would be forced to leave this state. That does not mean that people would be lined up to live in this state and pay high taxes. I question whether there would be an equal amount of people replacing those who left. In the end, maybe California would receive less revenue from the few that could afford the taxes and we might have more ghost towns. This state could actually collapse.
And in the end, still no guarantee that services would be improved.
You can’t get blood from a turnip. There’s only so much money a household can pay. Rather than paying more taxes, the state might consider doing something drastic, like BUDGET.
