Reminder: Your massive property taxes are due

[EconProf]

urbanrealtor:
Google “property taxes by state per capita” and you will find CA ranks 27th, thus placing us about in the middle for this particular tax. Not sure whether illegals are included in the per capita calculation, but doubt it would much change the outcome.
We are 10th in total state per capita spending among states. That’s not lean.
The best measure of tax burden is all state and local taxes paid per personal income. CA ranks 6th using this overall indicator.
The figures are worse if you include the tax hikes coming due to the looming deficit.
To answer your question, I taught economics for 23 years, mostly at SDSU, and left the field to invest in real estate. But I claim no special expertise–anyone can look up these facts.

[meadandale]

[quote=hibiscus]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.[/quote]

My neighbor, who is in his 80’s, bought his house when it was brand new….in 1954. He paid $10k for it.

Would it be fair for him to pay over $4k/year (what I pay)…or almost half the price he paid for the house, every year in property taxes? Does that make sense?

He’s living on a fixed income. I can guarantee that he does not have the money to pay that property tax bill. Should we just kick him out of the house?

Spending in this state has exceeded population growth and inflation in every way imaginable. There is NO revenue problem in CA…there is a SPENDING problem.

[meadandale]

[quote=hibiscus]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.[/quote]

My neighbor, who is in his 80’s, bought his house when it was brand new….in 1954. He paid $10k for it.

Would it be fair for him to pay over $4k/year (what I pay)…or almost half the price he paid for the house, every year in property taxes? Does that make sense?

He’s living on a fixed income. I can guarantee that he does not have the money to pay that property tax bill. Should we just kick him out of the house?

Spending in this state has exceeded population growth and inflation in every way imaginable. There is NO revenue problem in CA…there is a SPENDING problem.

[meadandale]

[quote=hibiscus]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.[/quote]

My neighbor, who is in his 80’s, bought his house when it was brand new….in 1954. He paid $10k for it.

Would it be fair for him to pay over $4k/year (what I pay)…or almost half the price he paid for the house, every year in property taxes? Does that make sense?

He’s living on a fixed income. I can guarantee that he does not have the money to pay that property tax bill. Should we just kick him out of the house?

Spending in this state has exceeded population growth and inflation in every way imaginable. There is NO revenue problem in CA…there is a SPENDING problem.

[meadandale]

[quote=hibiscus]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.[/quote]

My neighbor, who is in his 80’s, bought his house when it was brand new….in 1954. He paid $10k for it.

Would it be fair for him to pay over $4k/year (what I pay)…or almost half the price he paid for the house, every year in property taxes? Does that make sense?

He’s living on a fixed income. I can guarantee that he does not have the money to pay that property tax bill. Should we just kick him out of the house?

Spending in this state has exceeded population growth and inflation in every way imaginable. There is NO revenue problem in CA…there is a SPENDING problem.

[meadandale]

[quote=hibiscus]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.[/quote]

My neighbor, who is in his 80’s, bought his house when it was brand new….in 1954. He paid $10k for it.

Would it be fair for him to pay over $4k/year (what I pay)…or almost half the price he paid for the house, every year in property taxes? Does that make sense?

He’s living on a fixed income. I can guarantee that he does not have the money to pay that property tax bill. Should we just kick him out of the house?

Spending in this state has exceeded population growth and inflation in every way imaginable. There is NO revenue problem in CA…there is a SPENDING problem.

[kcal09]

Don’t forget, property values in TX are much lower than in CA, about 1/3 for comparable homes…

[kcal09]

Don’t forget, property values in TX are much lower than in CA, about 1/3 for comparable homes…

[kcal09]

Don’t forget, property values in TX are much lower than in CA, about 1/3 for comparable homes…

[kcal09]

Don’t forget, property values in TX are much lower than in CA, about 1/3 for comparable homes…

[kcal09]

Don’t forget, property values in TX are much lower than in CA, about 1/3 for comparable homes…

[urbanrealtor]

[quote=EconProf]urbanrealtor:
Google “property taxes by state per capita” and you will find CA ranks 27th, thus placing us about in the middle for this particular tax. Not sure whether illegals are included in the per capita calculation, but doubt it would much change the outcome.
We are 10th in total state per capita spending among states. That’s not lean.
The best measure of tax burden is all state and local taxes paid per personal income. CA ranks 6th using this overall indicator.
The figures are worse if you include the tax hikes coming due to the looming deficit.
To answer your question, I taught economics for 23 years, mostly at SDSU, and left the field to invest in real estate. But I claim no special expertise–anyone can look up these facts.[/quote]

And if our cost of living is 20-30% higher than average, that still makes our state spending about average.

I do agree that you can’t have average spending and lean taxation.

And yeah, high cost of living and lower than middle taxation does equal lean.

And no, your speculation on possible future taxes are not a real fact. At least not now.

[urbanrealtor]

[quote=EconProf]urbanrealtor:
Google “property taxes by state per capita” and you will find CA ranks 27th, thus placing us about in the middle for this particular tax. Not sure whether illegals are included in the per capita calculation, but doubt it would much change the outcome.
We are 10th in total state per capita spending among states. That’s not lean.
The best measure of tax burden is all state and local taxes paid per personal income. CA ranks 6th using this overall indicator.
The figures are worse if you include the tax hikes coming due to the looming deficit.
To answer your question, I taught economics for 23 years, mostly at SDSU, and left the field to invest in real estate. But I claim no special expertise–anyone can look up these facts.[/quote]

And if our cost of living is 20-30% higher than average, that still makes our state spending about average.

I do agree that you can’t have average spending and lean taxation.

And yeah, high cost of living and lower than middle taxation does equal lean.

And no, your speculation on possible future taxes are not a real fact. At least not now.

[urbanrealtor]

[quote=EconProf]urbanrealtor:
Google “property taxes by state per capita” and you will find CA ranks 27th, thus placing us about in the middle for this particular tax. Not sure whether illegals are included in the per capita calculation, but doubt it would much change the outcome.
We are 10th in total state per capita spending among states. That’s not lean.
The best measure of tax burden is all state and local taxes paid per personal income. CA ranks 6th using this overall indicator.
The figures are worse if you include the tax hikes coming due to the looming deficit.
To answer your question, I taught economics for 23 years, mostly at SDSU, and left the field to invest in real estate. But I claim no special expertise–anyone can look up these facts.[/quote]

And if our cost of living is 20-30% higher than average, that still makes our state spending about average.

I do agree that you can’t have average spending and lean taxation.

And yeah, high cost of living and lower than middle taxation does equal lean.

And no, your speculation on possible future taxes are not a real fact. At least not now.

[urbanrealtor]

[quote=EconProf]urbanrealtor:
Google “property taxes by state per capita” and you will find CA ranks 27th, thus placing us about in the middle for this particular tax. Not sure whether illegals are included in the per capita calculation, but doubt it would much change the outcome.
We are 10th in total state per capita spending among states. That’s not lean.
The best measure of tax burden is all state and local taxes paid per personal income. CA ranks 6th using this overall indicator.
The figures are worse if you include the tax hikes coming due to the looming deficit.
To answer your question, I taught economics for 23 years, mostly at SDSU, and left the field to invest in real estate. But I claim no special expertise–anyone can look up these facts.[/quote]

And if our cost of living is 20-30% higher than average, that still makes our state spending about average.

I do agree that you can’t have average spending and lean taxation.

And yeah, high cost of living and lower than middle taxation does equal lean.

And no, your speculation on possible future taxes are not a real fact. At least not now.

[Author]

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