Reminder: Your massive property taxes are due

[briansd1]

Talking about property taxes, they are considering a parcel tax in SD.

I think that during these tight time, local government is closing libraries, parks and cutting back education to rile-up the soccer moms with children.

There are so many other places to cut, but they cut what affects people the most to generate support for additional taxes.

http://www.signonsandiego.com/news/2009/jul/14/1m14parcel00362-district-may-ask-voters-approve-pa/

[ucodegen]

I think that during these tight time, local government is closing libraries, parks and cutting back education to rile-up the soccer moms with children.

I tend to agree with you. They politicos are playing a brinksmanship game. Notice how they are also scaling down the fire departments? There a difference between the ‘engines’ and the ‘ladder’ trucks at a fire station. The number of active ‘engines’ is being reduced, but not the other equipment.

What is the difference? The ‘engine’ in a fire station carries the high volume water pumps, several hundred feet of hose including several tens of feet of large feed hose (3 inch and above) as well as having about 100 to 500 gallons of water on board. Its kind of critical when trying to put out fires…

[ucodegen]

I think that during these tight time, local government is closing libraries, parks and cutting back education to rile-up the soccer moms with children.

I tend to agree with you. They politicos are playing a brinksmanship game. Notice how they are also scaling down the fire departments? There a difference between the ‘engines’ and the ‘ladder’ trucks at a fire station. The number of active ‘engines’ is being reduced, but not the other equipment.

What is the difference? The ‘engine’ in a fire station carries the high volume water pumps, several hundred feet of hose including several tens of feet of large feed hose (3 inch and above) as well as having about 100 to 500 gallons of water on board. Its kind of critical when trying to put out fires…

[ucodegen]

I think that during these tight time, local government is closing libraries, parks and cutting back education to rile-up the soccer moms with children.

I tend to agree with you. They politicos are playing a brinksmanship game. Notice how they are also scaling down the fire departments? There a difference between the ‘engines’ and the ‘ladder’ trucks at a fire station. The number of active ‘engines’ is being reduced, but not the other equipment.

What is the difference? The ‘engine’ in a fire station carries the high volume water pumps, several hundred feet of hose including several tens of feet of large feed hose (3 inch and above) as well as having about 100 to 500 gallons of water on board. Its kind of critical when trying to put out fires…

[ucodegen]

I think that during these tight time, local government is closing libraries, parks and cutting back education to rile-up the soccer moms with children.

I tend to agree with you. They politicos are playing a brinksmanship game. Notice how they are also scaling down the fire departments? There a difference between the ‘engines’ and the ‘ladder’ trucks at a fire station. The number of active ‘engines’ is being reduced, but not the other equipment.

What is the difference? The ‘engine’ in a fire station carries the high volume water pumps, several hundred feet of hose including several tens of feet of large feed hose (3 inch and above) as well as having about 100 to 500 gallons of water on board. Its kind of critical when trying to put out fires…

[ucodegen]

I think that during these tight time, local government is closing libraries, parks and cutting back education to rile-up the soccer moms with children.

I tend to agree with you. They politicos are playing a brinksmanship game. Notice how they are also scaling down the fire departments? There a difference between the ‘engines’ and the ‘ladder’ trucks at a fire station. The number of active ‘engines’ is being reduced, but not the other equipment.

What is the difference? The ‘engine’ in a fire station carries the high volume water pumps, several hundred feet of hose including several tens of feet of large feed hose (3 inch and above) as well as having about 100 to 500 gallons of water on board. Its kind of critical when trying to put out fires…

[Anonymous]

How is Prop 13 NOT the source of budget issues? I pay 20 times what my neighbor is paying in property taxes because I bought last year. Is that right? Is that bringing in the right amount of money equitably?

Our schools are being strangled because people refuse to have their taxes raised like happens in nearly every other state.

[Anonymous]

How is Prop 13 NOT the source of budget issues? I pay 20 times what my neighbor is paying in property taxes because I bought last year. Is that right? Is that bringing in the right amount of money equitably?

Our schools are being strangled because people refuse to have their taxes raised like happens in nearly every other state.

[Anonymous]

How is Prop 13 NOT the source of budget issues? I pay 20 times what my neighbor is paying in property taxes because I bought last year. Is that right? Is that bringing in the right amount of money equitably?

Our schools are being strangled because people refuse to have their taxes raised like happens in nearly every other state.

[Anonymous]

How is Prop 13 NOT the source of budget issues? I pay 20 times what my neighbor is paying in property taxes because I bought last year. Is that right? Is that bringing in the right amount of money equitably?

Our schools are being strangled because people refuse to have their taxes raised like happens in nearly every other state.

[Anonymous]

How is Prop 13 NOT the source of budget issues? I pay 20 times what my neighbor is paying in property taxes because I bought last year. Is that right? Is that bringing in the right amount of money equitably?

Our schools are being strangled because people refuse to have their taxes raised like happens in nearly every other state.

[EconProf]

Hibiscus: It is most unlikely you are paying 20 times what your neighbor is paying.
Proposition 13, passed overwhelmingly in 1978, limited property taxes to 1% of value and no more than a 2% increase per year. It has been watered down over the years to allow the 1% to increase to about 1.2 or 1.25% in many areas by voter-approved bonded debt.
So your neighbor has likely had a 2% increase per year if he owned the same property in 1978. That is over 32 years so with compounding his tax has more than doubled, including the bonded debt portion. Prop 13 is indeed a boon to long-time owners and yes, some would call that unfair.
But CA is not starved for revenues due to Prop 13. Since it passed total property tax revenues are up by a factor of eight, due to assessed value increases, more property, more people, etc.
CA government spending has far outpaced the growth in population plus inflation. CA does not have a revenue problem. CA has a spending problem.

[EconProf]

Hibiscus: It is most unlikely you are paying 20 times what your neighbor is paying.
Proposition 13, passed overwhelmingly in 1978, limited property taxes to 1% of value and no more than a 2% increase per year. It has been watered down over the years to allow the 1% to increase to about 1.2 or 1.25% in many areas by voter-approved bonded debt.
So your neighbor has likely had a 2% increase per year if he owned the same property in 1978. That is over 32 years so with compounding his tax has more than doubled, including the bonded debt portion. Prop 13 is indeed a boon to long-time owners and yes, some would call that unfair.
But CA is not starved for revenues due to Prop 13. Since it passed total property tax revenues are up by a factor of eight, due to assessed value increases, more property, more people, etc.
CA government spending has far outpaced the growth in population plus inflation. CA does not have a revenue problem. CA has a spending problem.

[EconProf]

Hibiscus: It is most unlikely you are paying 20 times what your neighbor is paying.
Proposition 13, passed overwhelmingly in 1978, limited property taxes to 1% of value and no more than a 2% increase per year. It has been watered down over the years to allow the 1% to increase to about 1.2 or 1.25% in many areas by voter-approved bonded debt.
So your neighbor has likely had a 2% increase per year if he owned the same property in 1978. That is over 32 years so with compounding his tax has more than doubled, including the bonded debt portion. Prop 13 is indeed a boon to long-time owners and yes, some would call that unfair.
But CA is not starved for revenues due to Prop 13. Since it passed total property tax revenues are up by a factor of eight, due to assessed value increases, more property, more people, etc.
CA government spending has far outpaced the growth in population plus inflation. CA does not have a revenue problem. CA has a spending problem.

[EconProf]

Hibiscus: It is most unlikely you are paying 20 times what your neighbor is paying.
Proposition 13, passed overwhelmingly in 1978, limited property taxes to 1% of value and no more than a 2% increase per year. It has been watered down over the years to allow the 1% to increase to about 1.2 or 1.25% in many areas by voter-approved bonded debt.
So your neighbor has likely had a 2% increase per year if he owned the same property in 1978. That is over 32 years so with compounding his tax has more than doubled, including the bonded debt portion. Prop 13 is indeed a boon to long-time owners and yes, some would call that unfair.
But CA is not starved for revenues due to Prop 13. Since it passed total property tax revenues are up by a factor of eight, due to assessed value increases, more property, more people, etc.
CA government spending has far outpaced the growth in population plus inflation. CA does not have a revenue problem. CA has a spending problem.

[Author]

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