Prop 13 is probably the single greatest piece of harm ever done to Calif., and the ills it tried to fix could have been prevented, if the relief had been specific to single-family residential dwellings.
There are businesses, corporations and the like, still paying taxes on a 1976 assessment of their property, depsite significant improvements and increase in value.
Such users tend to cause more strain on the infrastructure, but they don't tend to sell property, and so they get to count it as an asset of "x" worth, and pay taxes on it as a liability of "y" worth.
I read the analyst's summary, and then the text of the bill. When in doubt I see was the FCL has to say about it. I was of a mixed mind on 79,80 and they were for them.
I voted yes on 79, just in case a lot of people were voting yes on 78.
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Date: 2005-11-10 04:52 pm (UTC)There are businesses, corporations and the like, still paying taxes on a 1976 assessment of their property, depsite significant improvements and increase in value.
Such users tend to cause more strain on the infrastructure, but they don't tend to sell property, and so they get to count it as an asset of "x" worth, and pay taxes on it as a liability of "y" worth.
I read the analyst's summary, and then the text of the bill. When in doubt I see was the FCL has to say about it. I was of a mixed mind on 79,80 and they were for them.
I voted yes on 79, just in case a lot of people were voting yes on 78.
TK