Whenever I read another letter criticizing Proposition 13, it takes me back to when it was passed.
By 1978 our home had been reassessed three times in 11 years — every time the home next door sold. The last assessment, along with a tax rate increase, nearly doubled our property tax.
As a struggling young family, we would have likely been forced to sell our home because of the taxes.
Many elderly people were forced out of their homes for the same reason. At the same time, we knew people whose homes were never reassessed because their neighborhood was more stable. There was nothing fair about it!
With Proposition 13, you can accurately predict your property tax both at the time of purchase and in the future. This should be an important factor when considering buying a home. Prior to Proposition 13 this was impossible.
If we need to increase taxes, as it looks like we will, income and/or sales taxes are a much more fair way to go because they more accurately reflect the ability to pay.
Property tax needs to stay at the local level and fund only property related expenses such as fire, police and local infrastructure.