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In response to
"You could argue that they are capped at rediculously high levels if you bought your house at pre-collapse rates."
by
zeitgeist
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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
Posted by
zeitgeist
Feb 17 '09, 23:32
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run away from the possible collections. With the CA system your taxes remain the same apprasal basis as long as you own it, the county gets more money as people buy homes at new prices, its working now, the foreclosure has caused a squeeze because all those vacant homes are not paying taxes.
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Responses:
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