Originally Posted by
finitek
That's a loophole. The fact the crooked businessmen and corporations are taking advantage of the law is a shame.
Define "really nice".
I live in one of the WORST areas in the Bay Area and I own my own home and pay a crapload of taxes, both local, state, and federal. Not only that I live within 5 miles of not one but two refineries. My non smoking neighbor has contracted lung cancer living this area his whole life. Would you call that "really nice"? My property taxes are more than 6 months of payments on my mortgage. Is it fair? Ultimately it doesn't matter cause the whole system is fucked...
P.S. Just amend Prop 13 to only relate to residential property and its fixed. I never said it was perfect, but its nice to know that some people regular are actually using the law for what it was intended, not getting screwed by ever rising property values in a state where everything is overvalued to begin with.