>PROPERTY TAXES, INCLUDING BOTH TAXES ON INDIVIDUALS AND BUSINESS TAXES, ARE USUALLY SOMEWHAT REGRESSIVE. On average, poor homeowners and renters pay more of their incomes in property taxes than do any other income group
They are very wrong about property taxes, which calls their entire analysis into question. Renters aren't the ones paying property tax, especially for expensive areas like SF. The savings property taxes from prop 13 absolutely does not get passed to the renters. If anything, it does the opposite because it disincentivises home sales.
They are very wrong about property taxes, which calls their entire analysis into question. Renters aren't the ones paying property tax, especially for expensive areas like SF. The savings property taxes from prop 13 absolutely does not get passed to the renters. If anything, it does the opposite because it disincentivises home sales.