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A Powerful New Song by Bruce Hornsby and Justin Vernon: "Cast-Off" (Lyric Video)

83
Love-Child of Cassandra and Sisyphus3/23/2019 6:19:29 am PDT

re: #82 MsJ

Prop 13 sets the basic rate at 1%.

But in the property I discussed, the effective property tax rate is .1% !

The owner bought the property in 1972. It may have been intentionally underpriced even at that time. Because of Prop 13 the taxes simply could not rise as they ought to, “ought” because county services in San Diego have gone up in price like everything else since 1972.

I thought this was done so older people didn’t have to sell their house sure to high taxes.

That was the sales pitch. But as usual, the underlying social mechanism had to do with the changing California society and angst riddled old white folk.