Originally Posted by
OpieTaylor
Identical means same sales price, in which case they would pay the same.
It’s not fair to repo paid off property because taxes spike due to comps.
If most buy a house at the same % of their income then the taxes stay commiserate with their salary.
That is the point of sales price equaling assessments. Anything else is just a guess.
High House prices leading to the high property tax initially are the problem in ca right now imo. It’s frustrating.
Like other places there’s been a lack of building since the Great Recession. Builders didn’t want to take risks for several years after. Couple that with Covid building shutdowns and were in an unbalanced supply/demand market. All the state legislators can do is remove red tape lowering risk and cost for builders. Maybe throw in sub 1% property tax for first time and veterans. IMO that should be the focus. Not advocating property tax increases.