California Property Taxes Mapped

Post by ali347837 » Sat, Oct 31, 2020, 5:25 AM UTC

cameldrv wrote: post #30

toast0 wrote: post #14

Earlier quoted context omitted.

It's kind of insane. But it's also kind of insane that when the housing prices double or triple, you can expect your property tax to go up quite a bit as well, which makes it hard to plan for the future. I think if the value increase cap was raised (gradually) to something like 4-5% per year, you would still have assessed values trailing market values, but not by nearly as much. People could still make worst case pro…

The solution is to let people run a tab with the government. Make the minimum payment the Prop 13 rate, but if there's a change in ownership, you have to pay back the difference plus a fair rate of interest. This ensures that no one has to move because their home appreciated, but it also ensures that no one gets to pay taxes like their home never appreciated, but then pocket appreciation at sale time.

Post by jjav » Sat, Oct 31, 2020, 6:23 AM UTC

umeshunni wrote: post #84

jjav wrote: post #67

A see some data in my neighborhood which is weird. Comparing same model houses only (same as mine), tax rates are in the range of 5K to 8K. But just a couple of the same model houses are shown as $800 to $900! If I didn't know this neighborhood I would jump to the conclusion that those houses have been owned for so long that their taxes are so low and curse prop13. But, I've been in this neighborhood since it was bui…

> is there some tax exemption program in CA for people who qualify to some criteria? There are exemptions which allow some people (seniors and people with disabilities I think) to be "portable" with their property taxes. I.e they can buy a new property and the taxes of their old property transfer over to the new one.. Edit: found this https://www.boe.ca.gov/proptaxes/prop60-90_55over.htm

Post by foogazi » Sat, Oct 31, 2020, 9:01 AM UTC

jedberg wrote: post #41

On my block we have five nearly identical houses. My house, which I bought 12 years ago, my neighbors house, which they have been in for 22 years, my other neighbor, who has been there 45+ years, the neighbor two over who bought about five years ago, and the neighbor two over the other way who bought two weeks ago. If my tax bill is X, the rates are as follows, for nearly identical houses, all valued nearly the same…

Post by jedberg » Sat, Oct 31, 2020, 9:22 AM UTC

foogazi wrote: post #95

jedberg wrote: post #41

On my block we have five nearly identical houses. My house, which I bought 12 years ago, my neighbors house, which they have been in for 22 years, my other neighbor, who has been there 45+ years, the neighbor two over who bought about five years ago, and the neighbor two over the other way who bought two weeks ago. If my tax bill is X, the rates are as follows, for nearly identical houses, all valued nearly the same…

> It's completely unfair. Somebody call the waaahmbulance. No CA homeowner should be surprised by this. Guess what you probably paid a higher price than them - voluntarily!!!

Post by jedberg » Sat, Oct 31, 2020, 9:52 AM UTC

lambdaops wrote: post #70

jedberg wrote: post #41

On my block we have five nearly identical houses. My house, which I bought 12 years ago, my neighbors house, which they have been in for 22 years, my other neighbor, who has been there 45+ years, the neighbor two over who bought about five years ago, and the neighbor two over the other way who bought two weeks ago. If my tax bill is X, the rates are as follows, for nearly identical houses, all valued nearly the same…

I grew up with the schools here back in the 90s and we largely couldn't pass new parcel taxes because "their kids already went through school and they didn't need it". They were more concerned with all the growing crime, which you would think that maybe the lack of after school programs and growing unaffordability for everyone else was part of the issue.