Klarinet Archive - Posting 000169.txt from 2007/02

From: Tom Wood <n4cid@-----.net>
Subj: Re: [kl] Band Directors-Help needed
Date: Wed, 21 Feb 2007 16:49:45 -0500

Mark Charette wrote:
>> 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?
>
>
>
My initial reaction to Marks question is a loud NO. However in the
area that I live in that is the way it has been for at least
60 years...................

Tom Wood
NC

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