Thoughts on property taxes and Prop 13

[jonnycsd]

This makes sense to me. Figure the revenue is driven by change in ownership triggering a higher tax basis – and there is also some new property too. The retired couple sells the SFR to move into a condo or assisted living place, and that may double or triple the tax basis on that property. And even though sales are off from the peak, they are still pretty decent in both valuation and volume from a long term perspective. Also, this revenue stream includes commercial as well as residential so gotta look at that too – new tanks at the gas station? A face lift at the strip mall? A new medical office building? All that figures into the equation. Plus all that stuff that hasn’t changed hands in decades still gets the 2% bump each year, right?

The big “ah ha!” for me is how this is another crystal clear data point demonstrating that we have a spending problem and not a revenue problem. Pensions, corrections and schools are the areas where spending increases have been the greatest – and the citizens are not getting value for money in any of these areas. State Employee unions are driving it – basically holding the politicians hostage by threatening to block-vote them out of office unless they play along. Welcome to clientelismo third world government.

[CA renter]

Don’t worry, it’s coming. **Everyone** is getting hit. IMHO, this is just the beginning.

BTW, yes, we have a spending problem, not a revenue problem, but nobody is willing to address the real problems (illegal immigration and pension reform). Schools, prisons, and social infrastructure (as well as physical infrastructure) are all heavily impacted by illegal immigration. If employers want them here, that’s fine; but they need to pay for them and all their dependents out of their own pockets. There is no reason for taxpayers to subsidize the profits of employers who hire illegal immigrants.
———————–

Payroll cuts:

The governor plans to end three-day-a month furloughs by July, which have resulted in a 14 percent pay cut for state employees. In its place, he wants to reduce worker salaries by five percent, increase their monthly pension contribution to CalPERS and order department heads to reduce personnel to achieve a further 5 percent reduction in payroll.

Read more: http://www.modbee.com/editorials/story/1004030.html#ixzz0cNtiWSRV

[CA renter]

Don’t worry, it’s coming. **Everyone** is getting hit. IMHO, this is just the beginning.

BTW, yes, we have a spending problem, not a revenue problem, but nobody is willing to address the real problems (illegal immigration and pension reform). Schools, prisons, and social infrastructure (as well as physical infrastructure) are all heavily impacted by illegal immigration. If employers want them here, that’s fine; but they need to pay for them and all their dependents out of their own pockets. There is no reason for taxpayers to subsidize the profits of employers who hire illegal immigrants.
———————–

Payroll cuts:

The governor plans to end three-day-a month furloughs by July, which have resulted in a 14 percent pay cut for state employees. In its place, he wants to reduce worker salaries by five percent, increase their monthly pension contribution to CalPERS and order department heads to reduce personnel to achieve a further 5 percent reduction in payroll.

Read more: http://www.modbee.com/editorials/story/1004030.html#ixzz0cNtiWSRV

[CA renter]

Don’t worry, it’s coming. **Everyone** is getting hit. IMHO, this is just the beginning.

BTW, yes, we have a spending problem, not a revenue problem, but nobody is willing to address the real problems (illegal immigration and pension reform). Schools, prisons, and social infrastructure (as well as physical infrastructure) are all heavily impacted by illegal immigration. If employers want them here, that’s fine; but they need to pay for them and all their dependents out of their own pockets. There is no reason for taxpayers to subsidize the profits of employers who hire illegal immigrants.
———————–

Payroll cuts:

The governor plans to end three-day-a month furloughs by July, which have resulted in a 14 percent pay cut for state employees. In its place, he wants to reduce worker salaries by five percent, increase their monthly pension contribution to CalPERS and order department heads to reduce personnel to achieve a further 5 percent reduction in payroll.

Read more: http://www.modbee.com/editorials/story/1004030.html#ixzz0cNtiWSRV

[CA renter]

Don’t worry, it’s coming. **Everyone** is getting hit. IMHO, this is just the beginning.

BTW, yes, we have a spending problem, not a revenue problem, but nobody is willing to address the real problems (illegal immigration and pension reform). Schools, prisons, and social infrastructure (as well as physical infrastructure) are all heavily impacted by illegal immigration. If employers want them here, that’s fine; but they need to pay for them and all their dependents out of their own pockets. There is no reason for taxpayers to subsidize the profits of employers who hire illegal immigrants.
———————–

Payroll cuts:

The governor plans to end three-day-a month furloughs by July, which have resulted in a 14 percent pay cut for state employees. In its place, he wants to reduce worker salaries by five percent, increase their monthly pension contribution to CalPERS and order department heads to reduce personnel to achieve a further 5 percent reduction in payroll.

Read more: http://www.modbee.com/editorials/story/1004030.html#ixzz0cNtiWSRV

[CA renter]

Don’t worry, it’s coming. **Everyone** is getting hit. IMHO, this is just the beginning.

BTW, yes, we have a spending problem, not a revenue problem, but nobody is willing to address the real problems (illegal immigration and pension reform). Schools, prisons, and social infrastructure (as well as physical infrastructure) are all heavily impacted by illegal immigration. If employers want them here, that’s fine; but they need to pay for them and all their dependents out of their own pockets. There is no reason for taxpayers to subsidize the profits of employers who hire illegal immigrants.
———————–

Payroll cuts:

The governor plans to end three-day-a month furloughs by July, which have resulted in a 14 percent pay cut for state employees. In its place, he wants to reduce worker salaries by five percent, increase their monthly pension contribution to CalPERS and order department heads to reduce personnel to achieve a further 5 percent reduction in payroll.

Read more: http://www.modbee.com/editorials/story/1004030.html#ixzz0cNtiWSRV

[(former)FormerSanDiegan]

I agree 100% with your point AN. For every property that changes hands and has a new value n(up or down) there are a hundred or more that see the clockwork like increase of 2%. No suprise, then that county tax revenue continues to climb.

[(former)FormerSanDiegan]

I agree 100% with your point AN. For every property that changes hands and has a new value n(up or down) there are a hundred or more that see the clockwork like increase of 2%. No suprise, then that county tax revenue continues to climb.

[(former)FormerSanDiegan]

I agree 100% with your point AN. For every property that changes hands and has a new value n(up or down) there are a hundred or more that see the clockwork like increase of 2%. No suprise, then that county tax revenue continues to climb.

[(former)FormerSanDiegan]

I agree 100% with your point AN. For every property that changes hands and has a new value n(up or down) there are a hundred or more that see the clockwork like increase of 2%. No suprise, then that county tax revenue continues to climb.

[(former)FormerSanDiegan]

I agree 100% with your point AN. For every property that changes hands and has a new value n(up or down) there are a hundred or more that see the clockwork like increase of 2%. No suprise, then that county tax revenue continues to climb.

[CBad]

Yes and for every anecdote we have about so and so not paying their property taxes, there are thousands more that just plug along paying their 2% hike every year without a peep. Every year we have more and more places to collect property tax on as well. And if someone’s not paying, the recycling of the property will end up with payment, and then most likely a normal steady flow of taxes coming in on it again. The real mystery is why the schools still suck a** when around 40% of the taxes are allocated for them.

[CBad]

Yes and for every anecdote we have about so and so not paying their property taxes, there are thousands more that just plug along paying their 2% hike every year without a peep. Every year we have more and more places to collect property tax on as well. And if someone’s not paying, the recycling of the property will end up with payment, and then most likely a normal steady flow of taxes coming in on it again. The real mystery is why the schools still suck a** when around 40% of the taxes are allocated for them.

[CBad]

Yes and for every anecdote we have about so and so not paying their property taxes, there are thousands more that just plug along paying their 2% hike every year without a peep. Every year we have more and more places to collect property tax on as well. And if someone’s not paying, the recycling of the property will end up with payment, and then most likely a normal steady flow of taxes coming in on it again. The real mystery is why the schools still suck a** when around 40% of the taxes are allocated for them.

[CBad]

Yes and for every anecdote we have about so and so not paying their property taxes, there are thousands more that just plug along paying their 2% hike every year without a peep. Every year we have more and more places to collect property tax on as well. And if someone’s not paying, the recycling of the property will end up with payment, and then most likely a normal steady flow of taxes coming in on it again. The real mystery is why the schools still suck a** when around 40% of the taxes are allocated for them.

[Author]

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