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#16
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I think one of the very few things that Cali does right is the property tax law. Proposition 13 limits your yearly property tax to 1% of the purchase price of your home. It stays static. Of course, our lovely Democratic legislature hates it with a frothy passion. There are always attempts to make it go away.
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-livin' in the terminally flippant zone ![]() |
#17
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Quote:
I do know for a fact that Propostion 13 limited the annual increase to no more than 2%.
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Paul S. 2001 E430, Bourdeaux Red, Oyster interior. 79,200 miles. 1973 280SE 4.5, 170,000 miles. 568 Signal Red, Black MB Tex. "The Red Baron". |
#18
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Our property tax bill started around 1% when we bought our house in 99 and it's gone up annually. The increase is closer to 10% a year.
Sixto 93 300SD |
#19
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No, it is capped at 2% increase per year, but the increase compounds (like compounding interest), so when you go back and calculate your average increase / year, it will be higher than 2%.
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Paul S. 2001 E430, Bourdeaux Red, Oyster interior. 79,200 miles. 1973 280SE 4.5, 170,000 miles. 568 Signal Red, Black MB Tex. "The Red Baron". |
#20
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Suffice to say that it doesn't go up nearly as much as the Legislature would like it to go up.
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-livin' in the terminally flippant zone ![]() |
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