THE BLOG DEVOTED TO FAIR PROPERTY TAXES FOR HOMEOWNERS

Thursday, August 7, 2008

ARNOLD THE TERMINATOR BACKSLIDES ON NO NEW TAXES PLEDGE. IS THE COMMERCIAL PROPERTY TAX LOOP HOLE TO END? PROP 13 FOR HOMEOWNERS NEXT?

The Gov folded on his pledge regarding tax increases. Sales, income, commercial property taxes are now the target of the Gov and the Democrats to close the budget shortfall.

Many counties and cities facing shortfalls, due to cuts in funding from the state, will most likely call for the end to Prop 13.

This writer has on numerous occasions taken full advantage of the provisions of Prop 13. Is Prop 13 fair when one house sits side by side with another and has a wildly different tax bill? No.

It has been stated that democracy is one the worst forms of government, but it beats all the others. Prop 13 is not fair, but the arbitrary system that Prop 13 replaced was corrupt and unpredictable.

See San Francisco Chronicle

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