Thank you, pokepud3. I assumed from your post that you were a direct recipient of Prop 13 benefits. In fact, you will be paying “market-rate” taxes on your purchase (1% of assessed value + applicable svcs).
Yes, the original intent of Prop 13 was to keep seniors on a fixed income in their homes, as long as they could take care of themselves. HOWEVER, due to the later passing of Prop 58 and lesser-used Prop 193, this “senior benefit” has morphed into a “local-tax social safety net” for adults still of working age, some as young as in their 20’s. This is the part that is not fair about “Prop 13.”
