this post was submitted on 22 Oct 2023
1906 points (99.0% liked)
Political Memes
5510 readers
1847 users here now
Welcome to politcal memes!
These are our rules:
Be civil
Jokes are okay, but don’t intentionally harass or disturb any member of our community. Sexism, racism and bigotry are not allowed. Good faith argumentation only. No posts discouraging people to vote or shaming people for voting.
No misinformation
Don’t post any intentional misinformation. When asked by mods, provide sources for any claims you make.
Posts should be memes
Random pictures do not qualify as memes. Relevance to politics is required.
No bots, spam or self-promotion
Follow instance rules, ask for your bot to be allowed on this community.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Taxed at whatever the adjustor lists as the price. So big corps can by up all the houses/apartments in the area really cheap, and then hike the price up in an inelastic market while pay taxes at a much lower rate.
Thanks to prop 13, in California it's not just corpos. It's also Boomers who decided to buy a 3 bedroom house on a whim for $18 back in 1978.
This is state by state. In some states you pay according to regular reappraisals and in some states (generally those with worse housing markets) you do not.
I was also going to say this - assessors for my city increase the assessed value for taxing purposes independently of whether there is a recent sale