Monday, April 25, 2005

When property tax caps go horribly wrong: CA Prop 13

This open letter to Governor Schwarzenegger lays out the how the 1978 property tax cap California passed has really messed up the state and has created grossly unfair tax situations (it's a bit long, abstract here).

"...the measure's untoward consequences—from the disempowerment of local government to the decimation of a once-proud educational system, unequal taxes on equal properties and yawning tax loopholes for business—demand a rigorous re-examination of Proposition 13 and its legacy."

...

"We now know that Proposition 13 has greased California's slide from a model state to a state so mired in educational, fiscal and political dysfunction that you have to wonder how we can ever make things right again."


You gotta hope the Texas legislature is aware of Prop 13's hard lessons as it considers its own property tax caps.

1 Comments:

At 2:01 AM, August 15, 2006, Anonymous Anonymous said...

Prop 13 is working. I am an appraiser for a county assessor and believe me with the value of property in this state there is more than enough money. A starter home of 1500 sq ft in the central valley( cheaper area) can be 300000 to 350000 times that by a tax rate of 1.20 % .Government waste is a major concern. Like spending money at the end of the year to ensure next years budget is at least the same.
Politicians like to spend money and when you pay an elected official more money than he can make in the real world you get problems.
California GUY

 

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