sculptor
Well-known member
Interesting to see Prop 13 in practice. I've only seen and heard about it in articles talking about it as one of the wackiest examples of taxation law in the world.
Oh, and to correct you, Prop 13 does not mean you lose your tax lock-in. It's the reason you have it in the first place. Without it, you'd be like the rest of the world where property values are reassessed every few years.
I'll keep my lock-in when I move (to some extent) only if I move to someplace within Santa Clara County where I live. :wallbash:
Note, Prop 13 is a bad fix to real problem. The assessments need to float with market rates. However the rates need to locally readjust to keep the state from reaping a windfall when homes increase in cost faster than the increase in the cost of services.
-- Gary