California Prop 13 did wonders for a select few property owners. A real headache for others. When we bought our house in California we had to make up for property tax shortfall (not sure what else to call it). The amount was not terrible since the previous owner had been hit with an increase also. The little old lady across the street having lived in that house for decades paid $900 yearly thanks to prop 13. We paid $9,000 the first year and paid a sum to make up for whatever should have been paid the year we bought. My sister and her husband pay around $1,200 to $1,300 on their million dollar + house. Also they could sell that house and buy another house or condo and take the tax with them. By the way my B-I-L thought that his children having to pay higher taxes was their problem. Great perk for some elderly, not us. So it amounts to those new buyers paying exorbitant property taxes. Why should not all property owners share in the burden. They don't require any less city service than we do.
All in all the prop 13 sucks.
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