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novok
on June 3, 2020
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Millions of Americans skipping payments as wave of...
It's not low when you first buy, even for years after. Rates can effectively start around %1.5 to %1.2 percent depending on the city.
patmorgan23
on June 4, 2020
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That's because entrenched property owners are paying artificially low taxes due to prop 13. Repealing it would equalize the tax burden.
refurb
on June 4, 2020
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While I agree that property taxes could come down if Prop 13 was eliminated, I
highly
doubt that would ever happen. The gov't could never turn down a new pot of money.
zepto
on June 4, 2020
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Repealing prop 13 would not reduce rates for new buyers. It would only make it harder for them to retain their properties as the taxes rise.
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