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

[Jim Devine <jdevine03@xxxxxxxxx>]

Gar Lipow wrote:
> 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.

I don't remember if this is true or not. But I do know that at the
time, my landlord got a tax cut. As a renter, I did not. Luckily for
me, his Sikh religion pushed him to lower our rent to share the
benefits. Later, the City of Berkeley passed a law making landlords
pass the Jarvis-Gann benefits to tenants, so I got another rent-cut.
-- 
Jim Devine / "If heart-aches were commercials, we'd all be on TV." -- John Prine
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