Thank goodness for proposition 13 here in California (passed in 1978 by voter initiative), yearly property tax increases are capped by law at 2%.
I remember very clearly in the mid-70's my parents worrying about having to sell the house as they could not afford the property taxes. Those in charge literally viewed property value increases as a windfall for for them to go on a spending binge. Prop 13 stopped that (thank you Howard Jarvis RIP).
There's a lot wrong with California but this was one thing we got right.
Jun 10, 2022
at
8:41 PM
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