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Old 11-18-2009, 03:58 PM  
clicker
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Quote:
Originally Posted by pornlaw View Post
http://en.wikipedia.org/wiki/Prop_13

"The proposition's passage resulted in a cap on property tax rates in the state, reducing them by an average of 57%."

You cant cut taxes and cap them and expect to meet the budget every year.

I paid less property taxes on a million dollar home in Cali then my brother did in NJ on a $325,000 house.
Thats a hard hit on real estate if there is no incentives to move property.
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