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California

Earl_from_PA

(237 posts)

6. Trying to change prop 13

Reply to quaint (Reply #4)

Tue Feb 25, 2025, 09:14 PM

Feb 25

Is dangerous territory.
If social security is "the third rail" of national politics, prop 13 is the third rail of California politics.

Property valuation assessments only happen when a property is sold. Possession transfer, as is the case in inheritance, is not a sale. Because no actual money changes hands.

I fully remember the promises made to the voters to get prop 13 passed. For taxation purposes, the value of any residential property is what it was when it was last sold.

Altering that, opens the door to annual property tax increases. This will not go over well...

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Prop 19 change to Prop 13 should help. quaint Feb 25 #4

Trying to change prop 13 Earl_from_PA Feb 25 #6

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