Ca property taxes have no relation to inflation or cost of living due to 70s era proposition that has gutted the main source of school funding in the state. #Prop13
0
0
1
0
#Prop13
Latest posts tagged with #Prop13 on Bluesky
Trending
Posts tagged #Prop13
PS: I was a junior at Abraham
LincolnHS in #SF’s Sunset District when the teachers union last went out on strike. Guess the point of contention back then? #Affordability! State Republicans (w/support from Ronald Reagan) had passed #Prop13 in 1978, which shrank pub school funding. Teachers were 😡🔥😡🔥
0
0
1
0
1
0
1
0
this single family lot will end up having a tax assessment increase of at least 40x in 5 years. Yay #Prop13.
4
0
1
0
We needed help when my hub had finished College, I was finishing my Senior Year & we had an Infant Daughter. #Prop13 was On The Fall Ballot & Counties put FREEZES On Their Hiring. My Hub was VNVet & had several job opportunities offered to him. Suddenly, all jobs were off! Rent was due! No Income...
0
0
1
0
7
0
4
0
1.5 million dollar house paying $1,274 in property taxes per year.... Thanks #prop13 for screwing over our SF schools. Gerontocracy for the win! Well done everyone. www.zillow.com/homedetails/...
1
0
0
0
Worse: Reagan supported #Prop13 in 1978, a CA statewide bill that literally siphoned residential property tax allocations OUT of public schools (K-Colleges) and—via a Byzantine formula involving land-mass allocations—INTO Taxpayer Funded prisons. Btwn the mid80s-late’90s, we got more ⛓️and less 📚😬
7
3
1
0
Has anyone suggested a plan to get rid of #Prop13 with a gradual phase out?
0
0
1
0
Ever wonder why CA schools are underfunded and how we can’t afford basic public services? It’s been hiding in plain sight since 1978: Prop 13
#ca #schools #prop13 #reform
3
1
0
0
People in the US truly are ignorant. And it's no accident. This is the #ReaganDevolution at its core. #Prop13 said, if we can't fund segregated schools, we'll fund NO schools!
The idiocracy didn't just develop by accident. "An uneducated serving class is a docile serving class."
0
0
0
0
In a more normal and sane system, property taxes would be proportional to the community’s expenses and the market value - and the retiree could defer them until death. But instead, some 60 year old kids are about to get the full $3.3M tax free. #prop13
3
1
0
0
Forget market value, just pay them the value for which they have been paying into the real estate tax system at. Seems fair to me.
The generational theft of #Prop13 must end!
0
0
0
0
It's always hard to know how serious these proposals are (and I believe Michigan's school funding formula is already weighted towards more state funding) but voters do do crazy things, such as #Prop13 in California
0
0
0
0
0
0
0
0
Berkeley’s average tax assessed home value is 60% less than Berkeley’s median home sales price. #Prop13
0
0
1
0
Meanwhile in “infuriating #Prop13 example” news - here’s a home listed for 12x the current tax valuation. Must be nice to be that owner in one of the wealthiest parts of Berkeley.
www.redfin.com/CA/Berkeley/585-Santa-Ro...
0
0
0
0
#Prop13 madness: this house (1508 Hawthorne) is 3700sf mansion on a beautiful street in the lower hills. Worth at least $3m, more likely $4m. At least 95% tax discount.
0
0
1
0
Something rare in Berkeley: a listing for a newly constructed single family home. For once there’s no #Prop13 history to enrage me.
Listed at $900/sf. I THINK the land was sold for $330k, now used for 3 buildings, so land is a minor part of the...
0
0
1
0
Here’s a listing (2746 Russell) that is both ridiculously under the likely sale price (probably 20% lower) and ridiculously over the #Prop13 tax assessment (95% tax discount off list).
Some secure family has gotten a massive tax break for years.
0
0
1
0
0
0
0
0
(For anyone not swamped in California craziness:
- The nominal property tax in CA for newly bought homes is usually ~1.7%
- Many of the properties listed here are paying <1/10 of that
- The most extreme example is paying 1/30 of that - 0.06% tax
- This is possible due to #Prop13
0
0
0
0
Thanks to @nextdoorsv I’ve been looking at property tax mapping and getting angry about #Prop13 all over again.
Here’s one of the most expensive streets in the world (29th Ave north of Lake, in Seacliff in SF). Many homes are paying less than $5k in tax....
0
0
1
0
So #Prop13 reform idea... the idea just ending Prop 13 for residential property would likely always fail. Too many “losers” (people with significant cost increases, very diffuse “winners” (beneficiaries of ⬆️ tax revenue).
0
0
1
0
This duplex (just south of Lake Merritt) is a good example of a long term landlord just hoping for a sale. It’s listed for $900k which implies ~$4600/mo in costs. Rent is $1950. How does that work?
Obligatory #Prop13 - the landlord has been paying tax on 1/18 of that.
0
0
1
0
By the way - I pretty regularly declare this but just to be clear: just like the professor in question I benefit from #Prop13!
0
0
0
0
It’s time for a special, celebrity edition of “rage tweets about #Prop13”. This nice Berkeley home last sold in 2006 and is currently paying taxes on a 28% discount off assessed value. That ~$7k/year discount on property taxes no doubt makes opposing nearby housing easier!
0
0
1
0
I tend to rage-tweet about Berkeley listings revealing awful #Prop13 benefits to valuable homes; but really the bigger issue is the places that AREN’T being listed for sale. Some random ones from a walk.
0
0
1
0
My latest #Prop13 rage-tweet moment - here’s a Berkeley mansion on 1/2 acre listing for 14x the Prop 13 assessed value. Yay regressive taxation!
0
0
1
0
This account is in perpetual danger of becoming a #Prop13 rage-tweeting account.
0
0
0
0