Originally Posted by
OOfff
how does this chart notmalize for progressive income taxes? Or how someone with a high property tax relative to income might change this?
it’s rather impossible to make a comparison from california to other states in terms of property tax because of the distortion caused by prop 13. you have $5m homes with property taxes lower than $300k starter homes.
Yea the CA number should have an asterisk because a relative newcomer to the state who came in with enough money to buy a nice SoCal house is likely paying double the number they are showing.