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View Diary: Golden results in the Golden State: Democrats dominate California (368 comments)

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  •  Clearly a return to pre-Prop 13 tax policies (5+ / 0-)

    is totally out of the question. Assessments cannot and should not reoccur every year and there should be limits on the how much assessments can be increased.

    "The two pioneering forces of modern sensibility are Jewish moral seriousness and homosexual aestheticism and irony." Susan Sontag

    by Shane Hensinger on Sun Nov 11, 2012 at 07:49:03 PM PST

    [ Parent ]

    •  Most sane states exempt retirees from proptax in (1+ / 0-)
      Recommended by:
      side pocket

      creases, even those from increase valuation, and know to reduce rates when prop values skyrocket to prevent unfair tax increases.

      'Course, lots of those happened after Cali showed how stupid relying on 'free money' of increased evaluations was ('free' bc pols did not have to increase tax rates - the market did it for them).  OTOH, that the 'free market' priced many out of their homes kinda proves how stupid a 'free' market really is, no?

      •  One big problem is homes passing into trusts (2+ / 0-)
        Recommended by:
        untorqued, side pocket

        which then are rented out, most of these paying taxes on their last assessments in 1978. We have this problem up and down our street - the original owners having died long ago but the houses not being reassessed and their adult heirs enjoying the rent as a nice tax-free income.

        "The two pioneering forces of modern sensibility are Jewish moral seriousness and homosexual aestheticism and irony." Susan Sontag

        by Shane Hensinger on Sun Nov 11, 2012 at 08:16:41 PM PST

        [ Parent ]

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