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Re: [Pen-l] California Fiscal Bait and Switch



Another wrinkle in Prop 13 protected corporate property on sale. When a homeowner sells the buyer pays taxes on the value appraised then, so taxes on a particular property jump. A commercial sale can potentially be structured so that it appears the owner remains. I understand that this has gradually shifted more of the burden onto residential property, though I have not looked into that.
Prop 13 was not a simple homeowners revolt. Jarvis-Gann drafted it carefully.


Gene

On May 4, 2009, at 2:08 PM, Gar Lipow wrote:

On Mon, May 4, 2009 at 11:48 AM, Jim Devine <jdevine03@xxxxxxxxx> wrote:
David B. Shemano wrote:
Tell me, specifically, who were the "powerful interests" that intentionally mislead the gullible middle class? Prop 13, and the debate about Prop 13, was as true an example of "democracy," meaning that the citizenry as a whole was actively and directly engaged on a matter of public policy, that I remember in my life. Average people normally politically disinterested were engaged, became informed and argued with their friends and family members.<<

I seem to remember at the time that Jarvis and Gann were backed by large landlords. Prop 13 was specifically written to allow reassessment at sale of property. Large landlords tended at the time to hold on to their property while homeowners sold theirs when they moved. So it was an immediate cut, plus a huge long term shift of taxes (as a percent of value) from commercial property owners to people who owned their own homes. _______________________________________________ pen-l mailing list pen-l@xxxxxxxxxxxxxxxxxx https://lists.csuchico.edu/mailman/listinfo/pen-l

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