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.

Yea, property taxes existed to tax the rich back when property was used to generate cash flow, and poor people didn’t own anything to pay a tax on.

In the south it was used to pay for the civil war, in the 1800s it was too hard to try and tax the cotton revenue so just tax the dirt that produces it and exempt the home.

Since property doesn’t necessarily produce cash flow anymore and we aren’t in the 1,800s anymore there are much fairer ways to have a progressive tax for local services.

AMEN!

What is even worse is the people grandfathered in with low taxes keep voting for more services with absolutely no consequences since their tax is locked in.

Recipe for disaster.


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I would probably be for removing the ability to leave the same burden to hiers. That way it could just die on the vine over time and you’re not forcing retirees (that contributed high payroll for decades) to sell.

at least their kids can inherit the low tax rate and continue to ******* those behind them.

not to me. identical means identical value

it’s as fair as charging others higher taxes for the same asset.

now look at home prices vs income over the past 40 years

yep. screwing those with the misfortune to have been born after you

i don’t think it’s ridiculous at all

Good news. A crash pad roommate’s dad just moved back to ca from Phx. That means you and I (younger) just shifted the tax burden to an older person. Lol. Sorry couldn’t help myself when he told me.

It's a ridiculous exit tax. First, only applies to $30 millionaires, why not everyone? Or no one? That's hardly equal,protection of the law. Second, if I decide to move to a lower tax state, where does Cali have the right to chase my capital? Since when is moving to another tax jurisdiction a "loophole"?

if you have gains as a california resident, it’s logical that those gains get taxed by california.


as for equal protection, there’s a long history of progressive taxes being acceptable

What happens when you leave the state and your portfolio subsequently goes down, are you given that money back by CA?