Ca property taxes have no relation to inflation or cost of living due to 70s era proposition that has gutted the main source of school funding in the state. #Prop13

PS: I was a junior at Abraham
LincolnHS in #SF’s Sunset District when the teachers union last went out on strike. Guess the point of contention back then? #Affordability! State Republicans (w/support from Ronald Reagan) had passed #Prop13 in 1978, which shrank pub school funding. Teachers were 😡🔥😡🔥

San Jose wants to raise rents in mobile home parks - San José Spotlight San Jose is considering an update to its mobile home rent policy that would include a one-time rent increase up to 10% whenever a mobile home is sold, among other changes. Under the existing policy, p...

Is this a way around #Prop13 ? sanjosespotlight.com/san-jose-wan...

this single family lot will end up having a tax assessment increase of at least 40x in 5 years. Yay #Prop13.

We needed help when my hub had finished College, I was finishing my Senior Year & we had an Infant Daughter. #Prop13 was On The Fall Ballot & Counties put FREEZES On Their Hiring. My Hub was VNVet & had several job opportunities offered to him. Suddenly, all jobs were off! Rent was due! No Income...

Translation: it’s listed for 5x the #Prop13 valuation, and it’ll probably go for 50% more.

1.5 million dollar house paying $1,274 in property taxes per year.... Thanks #prop13 for screwing over our SF schools. Gerontocracy for the win! Well done everyone. www.zillow.com/homedetails/...

Worse: Reagan supported #Prop13 in 1978, a CA statewide bill that literally siphoned residential property tax allocations OUT of public schools (K-Colleges) and—via a Byzantine formula involving land-mass allocations—INTO Taxpayer Funded prisons. Btwn the mid80s-late’90s, we got more ⛓️and less 📚😬

Has anyone suggested a plan to get rid of #Prop13 with a gradual phase out?

Ever wonder why CA schools are underfunded and how we can’t afford basic public services? It’s been hiding in plain sight since 1978: Prop 13

#ca #schools #prop13 #reform

People in the US truly are ignorant. And it's no accident. This is the #ReaganDevolution at its core. #Prop13 said, if we can't fund segregated schools, we'll fund NO schools!
The idiocracy didn't just develop by accident. "An uneducated serving class is a docile serving class."

In a more normal and sane system, property taxes would be proportional to the community’s expenses and the market value - and the retiree could defer them until death. But instead, some 60 year old kids are about to get the full $3.3M tax free. #prop13

Forget market value, just pay them the value for which they have been paying into the real estate tax system at. Seems fair to me.

The generational theft of #Prop13 must end!

It's always hard to know how serious these proposals are (and I believe Michigan's school funding formula is already weighted towards more state funding) but voters do do crazy things, such as #Prop13 in California

Your moment of #Prop13 rage. A lovely Berkeley home selling for 20x the tax assessment.

Berkeley’s average tax assessed home value is 60% less than Berkeley’s median home sales price. #Prop13

Meanwhile in “infuriating #Prop13 example” news - here’s a home listed for 12x the current tax valuation. Must be nice to be that owner in one of the wealthiest parts of Berkeley.

www.redfin.com/CA/Berkeley/585-Santa-Ro...

#Prop13 madness: this house (1508 Hawthorne) is 3700sf mansion on a beautiful street in the lower hills. Worth at least $3m, more likely $4m. At least 95% tax discount.

Something rare in Berkeley: a listing for a newly constructed single family home. For once there’s no #Prop13 history to enrage me.

Listed at $900/sf. I THINK the land was sold for $330k, now used for 3 buildings, so land is a minor part of the...

Here’s a listing (2746 Russell) that is both ridiculously under the likely sale price (probably 20% lower) and ridiculously over the #Prop13 tax assessment (95% tax discount off list).

Some secure family has gotten a massive tax break for years.

There’s a #Prop13 angle of course. owners have had a ~92% tax break (based on asking price).

(For anyone not swamped in California craziness:
- The nominal property tax in CA for newly bought homes is usually ~1.7%
- Many of the properties listed here are paying <1/10 of that
- The most extreme example is paying 1/30 of that - 0.06% tax
- This is possible due to #Prop13

Thanks to @nextdoorsv I’ve been looking at property tax mapping and getting angry about #Prop13 all over again.

Here’s one of the most expensive streets in the world (29th Ave north of Lake, in Seacliff in SF). Many homes are paying less than $5k in tax....

So #Prop13 reform idea... the idea just ending Prop 13 for residential property would likely always fail. Too many “losers” (people with significant cost increases, very diffuse “winners” (beneficiaries of ⬆️ tax revenue).

This duplex (just south of Lake Merritt) is a good example of a long term landlord just hoping for a sale. It’s listed for $900k which implies ~$4600/mo in costs. Rent is $1950. How does that work?

Obligatory #Prop13 - the landlord has been paying tax on 1/18 of that.

By the way - I pretty regularly declare this but just to be clear: just like the professor in question I benefit from #Prop13!

It’s time for a special, celebrity edition of “rage tweets about #Prop13”. This nice Berkeley home last sold in 2006 and is currently paying taxes on a 28% discount off assessed value. That ~$7k/year discount on property taxes no doubt makes opposing nearby housing easier!

I tend to rage-tweet about Berkeley listings revealing awful #Prop13 benefits to valuable homes; but really the bigger issue is the places that AREN’T being listed for sale. Some random ones from a walk.

My latest #Prop13 rage-tweet moment - here’s a Berkeley mansion on 1/2 acre listing for 14x the Prop 13 assessed value. Yay regressive taxation!

This account is in perpetual danger of becoming a #Prop13 rage-tweeting account.