ST Alpha - "You could argue that they are capped at rediculously high levels if you bought your house at pre-collapse rates." (Reading a Post)

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In response to "So wait, California is bankrupt but they have property taxes capped at ridiculously low levels? Can nobody there add two and two? -- nm" by Tim

You could argue that they are capped at rediculously high levels if you bought your house at pre-collapse rates.

Posted by zeitgeist Feb 17 '09, 23:27

look if you buy a house at 100,000 then why should you pay taxes on a 1,000,000 house if idiots are willing to pay that much for the one next door. in the last 20 years the counties have adjusted, they have in fact reaped great rewards in the land grab of the 90's on oh ohs.

I mean people loose their homes, especially elderly when inflation runs the prices up.

CA has the highest taxes, top 3 anyway, income tax, high sales tax, plus you pay the highest fees for government services, sheesh what does it cost to get a copy of your marriage license there? 15 bucks to copy and stamp a form, its 3 bucks here in WA.

Responses:

They have the highest other taxes in the land becuase they capped the property tax increases with Prop 13. - Will Hunting Feb 18, 02:55
They passed a tax cap law here that will slowly strangle the counties, a 1% cap on revenue increase per year, which means a few years inflation will - zeitgeist Feb 17, 23:32 1
- Here In WA there's less incentive to invest in public stuff, like they Viaduct they want to remove, normally all those open vistas would propel real.. - zeitgeist Feb 17, 23:35

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You could argue that they are capped at rediculously high levels if you bought your house at pre-collapse rates.

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