<p>True…</p>
<p>Also…Property taxes for businesses were lowered because of prop 13…And that has had a negative affect in property tax revenues…</p>
<p>Companies may complain about the high cost of doing business in Ca…And I am sure it is true…but some companies are paying very low property taxes…</p>
<p>And apartments…</p>
<p>You own an apartment building for 40 years…and your property taxes are sooooooo low because of prop 13.</p>
<p>[An</a> Analysis of Government Revenues in California Since the Enactment of Proposition 13 | Howard Jarvis Taxpayers Association](<a href=“http://www.hjta.org/node/85]An”>http://www.hjta.org/node/85)</p>
<p>“Revenues for every category of government in California increased when adjusted for inflation and population growth between FY 1977-78 and FY 2002-03.
Total state government revenues adjusted for inflation and population growth grew well over 25% from FY 1977-78 to FY 2002-03 (see page 13). Personal income tax revenues adjusted for inflation and population growth have increased 57 percent over this period (see page 19).
County government revenues in California, adjusted for inflation and population growth, grew 8.43 percent from FY 1977-78 to FY 2002-03 (see page 69). During this time, counties became more dependent upon state transfers for revenue, while experiencing a significant drop in property and sales tax revenue (see page 71).
City government revenues in California, adjusted for inflation and population growth, grew over 20 percent from FY 1977-78 to FY 2002-03 (see page 127). Per capita revenues from current service charges, adjusted for inflation, increased over 41 percent over this period, while revenues from general property taxes decreased over 49 percent. This loss in property tax revenue was more than offset by other non-property taxes and other revenues (see page 131).
K-12 school districts revenues per student, adjusted for inflation, increased over 30 percent between FY 1977-78 and FY 2002-03 (see pages 188-189). Particularly notable increases in school district revenue came from federal aid, which increased sharply since FY 1997-98. Large increases in state aid to education were also recorded during this period (see pages 190-193).”</p>
<p>I grew up in Wilton. Graduated from Wilton High. Haven’t been back in 30 years.</p>
<p>Beautiful towns in Fairfield County. Ya’ll don’t need to know exactly where I live. :)</p>
<p>We are not second guessing your location, VH… But as I know, not very many residents in Bell Heaven would like to disclose where they live.:)</p>
<p>Good luck today PackMom!
Prop 13 is annoying to me as a recent (6 years) Cal resident because it creates a huge disincentive for homeowners to sell and downsize, because then they would be paying a lot more in taxes for a smaller house. Taxes are based on sale price from whenever you bought plus a very modest increase each year. As a result, in our very nice neighborhood, we are surrounded by retirees rambling around in large family homes instead of filling them up with younger families.<br>
We bought in 2008 and pay around $12,000/year while the “original owner” neighbors from the 70s (and in their seventies) pay $2,500 or so. While it is nice to have responsible, quiet neighbors whose kids have all grown up, it is hard to be in a neighborhood where, in my forties, I am the youngest one around. My kids don’t have many other kids to play with, either.<br>
The city and county each collect sizable transfer taxes, so they lose out when homeowners stay put to keep their taxes low. You would think this would mean fewer students for the schools, which would be great, but unfortunately it doesn’t work that way–instead we have a lot of lower income students bused in to take advantage of our good schools. There’s nothing wrong with that but it certainly leaves my kids with fewer local kids to play with when school is out.<br>
I’m glad we are going back to Texas, I’m sick of property taxes here that are about the same as Texas while also paying the outrageous 15% income tax in California.</p>
<p>Prop 55 and prop 60…</p>
<p>I can’t remember which…</p>
<p>When you are older than 55… You can carry your prop tax one time to your new neighborhood…although it depends where you move.</p>
<p>Enjoy Texas…</p>
<p>I lived in California in the years leading up to Prop 13, and we had two retired neighbors who were each forced to sell because property taxes grew so fast and they couldn’t afford them on military pensions even though their homes had been reasonably priced when they had purchased them. One couple ended up moving out-of-state, and the other to a much-further-inland community that had much cheaper housing and thus cheaper property taxes. It was sad. </p>
<p>Prop 13 may well not be the answer, but the unfettered increases in property taxes pre-Prop 13 were pretty ugly.</p>
<p>dstark, Can’t remember the prop no. either (or if it is even a prop. to begin with) but you can also “buy up” if it is within 5% of your current home price and pay your current property tax rate.</p>
<p>Arabrab…i saw people losing their homes too…</p>
<p>Jshain…</p>
<p>Yes…i actually used one of those props this year…</p>
<p>I am saving 1500 a year…</p>
<p>It was kind of borderline on whether to carry over my prop taxes because…like you said…you can only roll your taxes once…</p>
<p>Then I thought…</p>
<p>I am expecting this go be my last place. Of course 5 years ago…I never expected to live where I live. Never even gave a thought to the place. :)</p>
<p>We’re getting really close to being ready to go on the market. Last little pieces will be complete tomorrow, hopefully. Last big piece (infamous porch floor- light grey was the decision, BTW) is having to wait for the rain and cold to stop here in Central Ohio. Hopefully Sunday.</p>
<p>When realtor did pricing with me she did it based on the previous condition of the house. Now that I’ve repainted and done a lot of cosmetic stuff, I wonder if I should price higher or keep it the same and hope it sells faster. Bidding wars are rare here though a couple have happened in the neighborhood recently, they rarely go more than $5K over asking. So the “price it to sell and let the market raise the price” strategy isn’t necessarily the best here. If I raise it $10K, that would give me more room to negotiate, but if I leave it lower I may get asking or above. Hmmm…</p>
<p>some how I remember that you have to buy in the same county to apply that buy up prop.</p>
<p>Here’s another take on Prop 13. And not from the Howard Jarvis Association 
[California’s</a> Budget Crisis: The Effects of Prop 13 - TIME](<a href=“TIME | Current & Breaking News | National & World Updates”>http://www.time.com/time/nation/article/0,8599,1904938,00.html)</p>
<p>Sadly, the props that allow you to take your tax rate with you don’t work very well moving from one CA county to another. Most counties have abandoned the programs some counties never adapted them. We just moved from Santa Clara county to SF county. Our square footage went down 25%, but our property taxes doubled. </p>
<p>I don’t know what the answer is.
Sigh.</p>
<p>The 2/3 vote needed to raise taxes has proven to be problematic…</p>
<p>But…Cal is not a low tax state…</p>
<p>This is a couple of years old…but it looks like most counties have dropped out of prop 90…the prop that let people move to different counties and keep their prop taxes…</p>
<p><a href=“http://www.wwlaw.com/prop60.htm[/url]”>http://www.wwlaw.com/prop60.htm</a></p>
<p>this is directly from the ca government’s mouth and has updated info as of Jan 1, 2012</p>
<p>[Frequently</a> Asked Questions - Exclusions from Reappraisal Propositions 60/90 - Board of Equalization](<a href=“http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm]Frequently”>http://www.boe.ca.gov/proptaxes/faqs/propositions60_90.htm)</p>
<p>ohiobassmom, good luck. I’m in a similar position to you. I’m not sure where to price it.</p>
<p>Wow, that link was everything a homeowner in Cal over 55 (or with a spouse over 55) ever needs to know about selling and keeping the lower tax!
And good luck Ohio Bass Mom and VeryHappy! It is so hard to decide pricing, just make sure to analyze and compare recent sales very carefully and not just houses on the market…maybe there is a reason they haven’t sold.</p>
<p>I just realized I’m terrified of putting our house on the market – which we are going to be doing two weeks from today, if things go as planned. Things are moving verrrrrrrry slowly here. Everything I see has had price reductions. I just saw one (just the listing, not the house itself) that was reduced, in two movements, by a total of $250,000 (from $1,149,000 to $899,000). Goodness. Are buyers just looking for great deals? I have no problem selling the house, but I want to sell it for a reasonable, realistic price, not a bargain-basement deal.</p>
<p>If yoi don’t like the price you DON’T have to sell…</p>
<p>The market is bottoming, or so the experts claim. ;)</p>