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<blockquote data-quote="Been In Brown Too Long" data-source="post: 3589355" data-attributes="member: 32249"><p>It was <em>passed</em> in 1978, still in effect. Prop 13</p><p></p><p>The proposition decreased property taxes by assessing property values at their 1976 value and restricted annual increases of assessed value of real property to an inflation factor, not to exceed 2% per year. It also prohibited reassessment of a new base year value except for in cases of (a) change in ownership, or (b) completion of new construction.</p><p></p><p></p><p>Wow, how much did you pay for that town house? My home was recently appraised at $700,000 and I paid $4300 in property tax for 2017. Of course, I originally paid $225,000 in 1999, and prop 13 is what saves my butt tax-wise.</p><p></p><p>You'd have to drag me kicking and screaming out of CA trying to get me to move to Idaho, or pretty much most other places. Bag on CA all you want, don't care.</p></blockquote><p></p>
[QUOTE="Been In Brown Too Long, post: 3589355, member: 32249"] It was [I]passed[/I] in 1978, still in effect. Prop 13 The proposition decreased property taxes by assessing property values at their 1976 value and restricted annual increases of assessed value of real property to an inflation factor, not to exceed 2% per year. It also prohibited reassessment of a new base year value except for in cases of (a) change in ownership, or (b) completion of new construction. Wow, how much did you pay for that town house? My home was recently appraised at $700,000 and I paid $4300 in property tax for 2017. Of course, I originally paid $225,000 in 1999, and prop 13 is what saves my butt tax-wise. You'd have to drag me kicking and screaming out of CA trying to get me to move to Idaho, or pretty much most other places. Bag on CA all you want, don't care. [/QUOTE]
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