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punkle

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punkle

Re: Newly2b post# 142565

Wednesday, 08/20/2003 3:26:27 PM

Wednesday, August 20, 2003 3:26:27 PM

Post# of 704019
Newly, right now if we eliminated Prop. 13 your and my property tax bill would rise by at least 50% giving the state at least 50% more revenue from just our 2 houses so how do you not see the significant difference in revenue?

I think Buffet is saying property taxes should work both ways - as prices go up, increase the taxes bases on the actual value and as prices go down, decrease the taxes based on the actual value (which we already have today based on your example from 89).

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