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freak80
2012 Oct 9, 1:54am
Yeah, the old 'I paid taxes at a lower rate, but now that I am old I want more services and you young people owe it to me'.
Gotta love the elderly.
And they're laughing all the way to the nursing home, since they vote in large numbers and the youth do not.
How do you think we got socialized medicine...oops...I mean Medicare D under a Republican president?
FortWayne
2012 Oct 9, 2:16am
Prop 13 should stay.
Prop 58 should be repealed. There is no reason the basis of the property value should be allowed to transfer from grand parents/parents to children.
That I do agree with. Prop 58 just creates a pyramid scheme. I understand if a spouse would be included, but children... that's just creating an incumbency of wealth.
I have no problem carrying the burden when you are young and strong but get protection when you get old and weak.
SFace, How many bedrooms does her house have -- and how many people are currently living with her?
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I'm looking at my most recent tax bill and see the following:
- Mosquito Abatement
- CSA Paramedic
- CSA Vector Control
- City Emergency Medical
- City Paramedic SRV
- School Measure G
- Oak Fire Prev Dist
- BART/AC Transit (public transportation)
- City library service
- EBMUD (water)
- East Bay trail
- Flood benefit
- Park safety
- City landscape
- Underground utility
- Land & Improvements
Comes out to a total of 1.4112% in Alameda County (I know, unbelievable!).
Anyway, buyers typically just accept that 1.X% of the home price will be going towards property tax. It's just the way it is, right? Well wait a minute. When it comes to mosquitos, schools, paramedics, public transportation, land, park safety, fire, etc, wtf difference does it make if I've lived in my house for 15 years or 1 year? Why does the old retired couple who bought 30yrs ago pay less in property tax than their young neighbors who just moved in and are starting a new family? Is one less likely to need the fire department? Is one less likely to experience flood? Is one less likely to need a city paramedic? You can probably argue that the young couple may benefit from the schools more so than the older couple, but I don't see anything else on the list above that clearly favors one over the other.
When it comes to land value, if both parties above have the same amount of land in the same location, the valuation of that land should be identical.
I can understand price being locked. Whatever you paid for your house is what you paid. But conceptually why are we all using the items listed above yet paying so differently for them?