Submitted by FredricTheConqueror t3_zzdkq2 in nyc
CactusBoyScout t1_j2dp5xb wrote
Reply to comment by ctindel in New York Lawmakers File Psychedelics Legalization Bill For 2023 by FredricTheConqueror
Prop 13 doesn’t have any means testing though. And it isn’t even limited to a single primary residence. So landlords with a dozen rental properties and even golf courses in Malibu are paying next to no property tax.
igon86 t1_j2e2j8e wrote
I thought it was limited to the primary residence. That is wild.
CactusBoyScout t1_j2e3md9 wrote
Until fairly recently, you could even pass it on to your kids.
It was basically rent control for landlords and created a landed elite who paid very little into state coffers.
But it was sold with progressive framing like “save grandma’s house” and some people still believe that to this day.
ctindel t1_j2dpb6k wrote
Yeah I agree it could use some reform and I’d have no problem limiting it to primary residence and also any rentals that are used as someone else’s primary residence.
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