Klarinet Archive - Posting 000162.txt from 2007/02

From: "Mark Charette" <charette@-----.org>
Subj: RE: [kl] Band Directors-Help needed
Date: Wed, 21 Feb 2007 12:25:20 -0500

> Kurt, if the California voters had not been stupid enough to be pigs at a
> trough and pass the infamous Proposition 13 in the 1970s (limiting
> property
> tax to a percentage of what you had paid no matter how long ago that was
> --
> thus guaranteeing that someone sitting in an $8,000,000 house in Brentwood
> living next to a famous movie star for 20 years (my boss at the time) was
> paying less property tax than I was paying for a starter condo near the
> freeway in Culver City

The question is whether or not you should be paying taxes on the
appreciated value of your home when you've not realized the appreciation
since you're living in it ... if you're a retiree who bought a nice home
for 50K in San Jose 30 years ago should you be paying full taxes on that
home now that it's worth upwards of $4 mil?

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