Stop in for a cup of coffee

Mopar Tim said

Property tax here is capped at 1 percent. But considering medium house prices are right around 700k that adds up quick.. I only pay 1600 a year. On a million plus place. Because I have lived here so long. They don't re asse till it is sold or when you do improvements requiring a permit. Then they only add tax at the current rate to the added value not the complete property

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This tax system is called prop 13. Of course it is a law now. And unfortunately it also applies to Comercial property as well. State spends to much money and revenue is stagnant. More or less. They always propose an amendment to prop 13 to exclude Comercial property, which most agree with. But everyone is afraid to mess up prop 13 in any shape or form. Once amendment is made where will it stop what hidden loop holes are in there...