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Yes, Prop 13 is partly responsible for the imbalance, but if assessors keep property values current, the disparity between new and legacy owners should never be 2:1.
As for income tax vs. property tax, well, it all goes to pay for something. Roads, high speed rail, education monies, etc. if paid for with revenue returned from DC. That is money that doesn't have to be paid from state revenues.
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techweenie | techweenie.com
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