Miles Ignatius
Cyburbian
- Messages
- 368
- Points
- 12
8-{} Is it just me? Or does anyone else make a "connect the dots" relationship between California's current budget debacle ($37 Billion short) and the fact that the much heralded Prop. 13 (circa 1978) enables companies such as Disney to pay as little as 5 cents @ square foot in property taxes?
Okay, nobody likes them but property taxes are based on the value of a property, (e.g. "ad valorem") which indicates that the higher the value, the more likely ownership is able to pay for the services rendered to the property. That understanding reached its climax during the Prop 13 hiatus, when homeowners on fixed incomes who bought the VA ranch in Reseda saw their tax bills head out of the skylight as the result of California's hyperactive real estate market.. So, Prop 13 built some protections for those folks, but Disney?
Did I miss something? I'm pissed and I don't even live in the Golden State. Sounds like there ought to be a Prop. 13GD
(Get Disney) to mitigate this travesty.
http://www.planetizen.com/news/item.php?id=9923
Okay, nobody likes them but property taxes are based on the value of a property, (e.g. "ad valorem") which indicates that the higher the value, the more likely ownership is able to pay for the services rendered to the property. That understanding reached its climax during the Prop 13 hiatus, when homeowners on fixed incomes who bought the VA ranch in Reseda saw their tax bills head out of the skylight as the result of California's hyperactive real estate market.. So, Prop 13 built some protections for those folks, but Disney?
Did I miss something? I'm pissed and I don't even live in the Golden State. Sounds like there ought to be a Prop. 13GD
(Get Disney) to mitigate this travesty.
http://www.planetizen.com/news/item.php?id=9923