Quote:
Originally Posted by Hugh R
One thought on Prop 13 is education of kids. Newer families into an area that is expanding create demand for more schools, should the people who lived there for 25 years and now have grown up kids be paying as much for those new schools as those younger families, with kids who bought the house in the new tract?
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It's a tax subsidy borne on other taxpayers backs. Property tax covers more services than schools. Besides, the schools contribute to your home's property value (at resale), whether your family is currently using the schools or not. Every homeowner in CA would, in theory, pay less taxes if this subsidy was abolished.