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View Diary: California's Succeeding Despite Antitax Hurdles (105 comments)

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  •  Another Prop. 13 problem (2+ / 0-)
    Recommended by:
    lonespark, bruddaone

    My son needed to reduce his mortgage payments.  Even if he had received a mortgage modification, his taxes are locked into 1% of his purchase price.  In his case his taxes were $5000 per year.  The bank short-saled his home for $300,000.  The new owner pays $3000 per year.  No way to get my son's taxes adjusted downward with Prop. 13.  BUT in a state where taxes are assessed by property values, they could be assessed downward.  It was not hard to give residential property owners tax relief as happened in many states.  It was the Republican/Corporation/Tea Party crowd that did Prop. 13.  Yes the sheeple love it, but they are not very smart.  Also the Proposition system does an end run around legislators giving them an excuse to not do their job responsibly.

    •  I don't know where you are in California... (1+ / 0-)
      Recommended by:
      freedomalliance

      But in Los Angeles County you can get your taxes adjusted downward if the value is not there...the tax assesor has a special form for it...all it takes is three comps from your local realtor....

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