Unfair Property Tax Base
“The family home sits on an unfair tax base” with widely varying assessments up and down the block, the result of a taxpayer revolt against being taxed on paper profits by tax-omnivorous public agencies.
The proposed solution?
Since the stay-putters (Stall’s term) aren’t willing to give up the benefits of Proposition 13, knowing that to do so would move much of the middle-class slowly but surely into the “homeless” category, why not sneak up on them by letting “stay-putters’ homes to grow at a slightly faster rate than the present maximum 2%, but keep them capped at a reasonable rate. . . . The equity gap would be closed over the years.”
Sounds like a progressive repeal of Proposition 13.
JOHN CARL BROGDON
Long Beach