Property taxes in CA punish the newcomers and reward old money. When I bought in Mill Valley in 2001, I was literally paying 13X more taxes than my neighbor, a masseuse who inherited the property and kept the same tax rate her parents paid in the 70s. And as a very liberal town, every new tax initiative always passed, which again hit us harder.
If at least Prop 13 benefits could not be passed as inheritance, that would go a long way to balance things.
I'm happy I moved to WA now where my property taxes do get reassessed every year, but it balances out with no state income taxes.
If at least Prop 13 benefits could not be passed as inheritance, that would go a long way to balance things.
I'm happy I moved to WA now where my property taxes do get reassessed every year, but it balances out with no state income taxes.