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Has lived a dream, 50 years off grid.

grumpy356 said:
It is the ONE thing California got right.

It's called PROP 8, and was a proposition they got put on the ballot in the late 70's when every old person was getting taxed out of their family home and it passed.

It locked in the rate to the cost of the property. So it is based on what you PAID for it, not the current accessed value. (When you re-finance, the value will be re-accessed, because you are essentially re-buying).

At least that's how I understand it.
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I called on this and confirmed. wow. I've never heard such a thing. That's crazy. Never knew that.
 
IEATRKS84 said:
lotta people forget how fuckin easy the boomers had it and could go out and buy cheap property. Now theyre selling it for 50x times what they paid for it and bitching that millennials dont own enough houses..
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The gooberment should step socialist into that and force property owners to sell at a cheaper price that the millennials can afford on their McDonald's part time pay. :flipoff2:

They can mfg a lot of stuff but they can’t mfg more land.

the Amish are having real world issues with this as well. As their children grow into adults and go start their own family, they can’t afford to buy farm land. It’s not like they are huge producers of Ag produce farming with one or two horse power. So they don’t generate the kind of coin it takes to buy acres today. Now they are forced to modernize just to be able to survive.
 
Provience said:
until this fall when the voters repeal that shit because they are commie fuckin' bastards :shaking: :shaking:
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How can that happen? Why would people vote to get taxed more? This is just like the gas tax where all the idiots said "tax me more!"
It might be the straw that breaks me to move out of this shithole if that's true.
 
woods said:
So the tax rate only changes when the property goes through the Registry of Deeds?
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Only when property is sold or changes hands, or if you build a significant addition that increases the value of the house.
Pulling a BP doesn't do it automatically. Like if you get your roof redone, no reassessment. If you add a garage, reassessment.

I've been holding in a sweet spot with my house because I bought a beater at a low price and sank money into it to make it nice. But I've been riding that low property tax based on the original sale when it was a dump. Been great, and hopefully this BS coming this fall doesn't change that for me or else I might be forced to sell and move.
 
So this pretty much bends over anyone moving into CA then, huh?
 
woods said:
I called on this and confirmed. wow. I've never heard such a thing. That's crazy. Never knew that.
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now there are all kinds of other local taxes tossed in, but for the state property taxes you pay around 1%. we bought our house in 2014 and refi in 2018.

i have a buddy who pays something in the range of 400/month in mello-roos tax, which is for new developments and they last 10-20 years. its way to fund the infrastructure.

"the Mello-Roos tax is named after the sponsors of the law, California State Sen. Henry Mello and State Assemblyman Mike Roos.

Their bill was a workaround for Proposition 13. That 1978 amendment to the California Constitution limits property taxes to 1% of assessed value and caps the rate of increase on the assessment to 2% per year."


YEARPROPERTY TAXESCHANGETAX ASSESSMENTCHANGETAX RATE
2019$3,700 $329,6682%1.12%
2018$3,7001.80%$323,2052%1.14%
2017$3,634 $316,8692%1.15%
2016$3,6348.40%$310,6571.50%1.17%
2015$3,35334.40%$305,99336.90%1.10%
2014$2,495 $223,500251.10%1.12%
2013-- $63,6652%
2012-- $62,4182%
2011-- $61,1950.80%
2010-- $60,739-0.20%
2009-- $60,8862%
2008-- $59,6932%
2007-- $58,5242%
2006-- $57,3772%
2005-- $56,2533.90%
2003-- $54,1422%
2002-- $53,0812%
2001$5012%$52,0412%0.96%
2000$491 $51,022 0.96%
 
Interesting stuff. I'm sure being such a large state really makes it complicated. Its weird looking at it in percentages. Over here its $xx.xx per $1000 of the assessed value with the equalization rate.
 
Yota Up said:
How can that happen? Why would people vote to get taxed more? This is just like the gas tax where all the idiots said "tax me more!"
It might be the straw that breaks me to move out of this shithole if that's true.
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https://ballotpedia.org/California_...and_Local_Government_Funding_Initiative_(2020)

it is currently billed as an increase on commercial and industrial properties only, places like that guy selling trees, people running ranches and farms will be swept under with it.

it won't be long before it gets billed and rolled out to everybody :rasta:

there are too few people who have lived in a home, as a homeowner, for under 5 years. new home owners are marginally impacted by it, renters are already locked in with the rent control shit that went through a year or two ago. it WILL pass.

because fuck CA.

CA has done many things right over the years, but they rarely hold up
 
woods said:
So this pretty much bends over anyone moving into CA then, huh?
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nope, because those people were already accepting the notion that they would be taxed at whatever level they buy in at. it bends over people who have been using real estate to build generational wealth. ya know, the shit people love to bitch about that minorities are historically excluded from :shaking:
 
woods said:
Directed to me?

What I meant by that was people moving in get stuck with higher taxes than the folks already established there. But as Provience pointed out, they're already expecting it.
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i think it was directed at "anybody stupid enough to move willingly into CA should pay the absurd high price, physically and financially, for their silly decision" :rasta:
 
Provience said:
i think it was directed at "anybody stupid enough to move willingly into CA should pay the absurd high price, physically and financially, for their silly decision" :rasta:
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Or that too. :homer:
 
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