alt Hacker NewsYou personally may pay lots of property taxes but California's Prop 13 means that people who have been here for a long time and kept property within the family are paying significantly less. Our average tax rate is 35th in the nation - https://taxfoundation.org/data/all/state/high-state-property.... I grew up in New Jersey originally so I have an admittedly warped view of property taxes, though.
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asdasdsddd • yesterday at 9:07 PM
Yes prop 13 is truly disgusting
I'm not sure what the solution is but there is a gross misallocation of housing in California... the suburban family homes with 4 bedrooms and massive yards designed for kids to play outside are almost exclusively occupied by retired childless people that only use the rooms when the grandkids visit, and tiny apartments are packed with families that are paying 4x+ for housing what the retired people in large homes are paying.
Prop. 19 was supposed to fix this but clearly did not- I rent in a suburb and have a young kid, but there are almost no other people under 65 or so within a large radius of my home.