Lender is in Nevada. Does not do too many loans in Cali. I’ve never heard of

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Aug 2, 2021
11:07:00pm

idacoug All-American

Prop 13

It happens.

Disclosure statements had it. We just both thought the taxes were wrong.

This message has been modified

Originally posted on Aug 2, 2021 at 11:07:00pm

Message modified by Idacoug on Aug 2, 2021 at 11:15:10pm

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idacoug

Bio page: idacoug
Joined: Mar 30, 2001
Last login: May 4, 2024
Total posts: 53,632 (354 FO)

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Messages

Author

Time

California prop 13 doubled the tax I pay on the house I bought vs. the former

idacoug

8/2/21 10:52pm

RE: California prop 13 doubled the tax I pay on the house I bought vs. the former

TwinsRight

8/2/21 10:54pm

A colleague I know just bought an Eichler style home in Palo Alto, and he is going to pay many multiples more in

slappy

8/2/21 10:56pm

Your colleague will change his/her mind

BlackHawkCoug

8/2/21 11:01pm

It’s always easy to pass the buck to the next guy. Such a terrible solution with compounding knock on effects. If

YIsForBrigham

8/2/21 11:05pm

You don’t understand the California

BlackHawkCoug

8/2/21 11:09pm

Right. California voters are dumb. Elect legislators that make good solutions. Don’t create terrible solutions to

YIsForBrigham

8/2/21 11:11pm

Tell that to all those who voted for them! I assure you many of us didn’t.

calblue

8/2/21 11:36pm

Yes. The voters are incredibly dumb.

HONOMO

8/3/21 8:33am

Let me humbly suggest not all of we California voters are morons.

byujdmba

8/3/21 9:21am

This is exactly correct. Utah homeowners

BlackHawkCoug

8/3/21 10:10am

I agree with you. Particularly on prop 13.

HONOMO

8/3/21 5:47pm

That was flat out stupid. Let’s pay another 12 cents a gal just cause. Stupid.

TeeKaa

8/3/21 5:52pm

Prop 13 is not the answer. Lower tax rates. Problem solved

YIsForBrigham

8/3/21 6:34pm

Doesn't say anything

Kerbouchard

8/2/21 11:57pm

Dont most states adjust the property tax every year?

JuicyJam

8/2/21 11:22pm

Yes and certainly every time they are sold

Nat Gas Man

8/2/21 11:31pm

This seems like a pretty big thing for you and the lender to both not be aware of

Mike Honcho

8/2/21 10:57pm

Lender is in Nevada. Does not do too many loans in Cali. I’ve never heard of

idacoug

8/2/21 11:07pm

Are you serious? Whoops! Kind of important to know how much property tax is

Kerbouchard

8/2/21 11:59pm

Rest assured that money will be put to good use

maxpowers

8/2/21 10:57pm

Tax is based on the sale price/ assessed value, no?

Turd Ferguson

8/2/21 10:59pm

<< Deleted >>

OC_Ute

8/3/21 6:57am

I know it sucks, but Prop 13 did not double the tax. Prop 13 kept the previous owner's property tax from rising up to

dilbert

8/2/21 10:59pm

This. w/o you're worse off. Prop 13 protects the homeowner.

byujdmba

8/2/21 11:01pm

Did you read what I wrote? I said it doubled the tax that the former owner paid

idacoug

8/2/21 11:10pm

Yes, I understood what you said in your OP. I once lived the California dream, so I understand how Prop 13 works.

dilbert

8/2/21 11:35pm

Prop 13 saved people from losing their homes

bluelands

8/2/21 11:14pm

My parents bought house in 1976. Yes, prop 13 had good intentions, but it was

Kerbouchard

8/2/21 11:48pm

From $42K to $1.25M 74 to 84? I don't believe that. Where?

Kerbouchard

8/2/21 11:50pm

Los Gatos

bluelands

8/3/21 10:07am

That's not how property taxes work in Utah. If housing prices double, everyone

Megamind

8/3/21 7:16am

Obviously we aren't talking about Utah

bluelands

8/3/21 10:09am

This is much worse than prop 13. As government becomes more liberal and grows the tax accessor just decides to raise the

SolidBlue

8/3/21 11:55am

That's not what I said. The total amount to collect from everyone is not

Megamind

8/3/21 4:41pm

I got that. But your still subject to cost increase decided by politicians. Who by the way probably have some serious

SolidBlue

8/3/21 8:55pm

Yup. Prop 13 merely shifted the tax burden more heavily to recent buyers. It

Megamind

8/3/21 7:29am

The worst part about Prop 13 is that it makes raising taxes easier. Most people

Megamind

8/3/21 8:01am

That's not how passed propositions work in CA. ALL property owners pay the

TeeKaa

8/3/21 10:29am

Okay, but not all tax increases are ballot propositions. There are lots of

Megamind

8/3/21 4:29pm

Your first paragraph, last sentence is the most correct item in the post.

TeeKaa

8/3/21 5:05pm

The details of how California property tax are implemented are irrelevant. The

Megamind

8/3/21 7:11pm

Every comment you make screams you know less than zero about CA property tax

TeeKaa

8/3/21 8:58pm

Okay

Megamind

8/3/21 10:12pm

Prop 13 is an absolute nightmare and a perfect example of how government is so ineffective at solving problems

YIsForBrigham

8/2/21 11:01pm

The CA government has been dysfunctional for a very long time. Prop 13 is just one example.

dilbert

8/2/21 11:09pm

Lower the tax rate

YIsForBrigham

8/2/21 11:09pm

Amen to that, but also good luck with that.

dilbert

8/2/21 11:28pm

Prop 13 was a proposition by the residents. Both state and local govt opposed it

Jay Kay

8/3/21 8:04am

Exactly

YIsForBrigham

8/3/21 8:09am

Yes, but it was in response to a problem that the state legislature refused to address. Eventually, the taxpayers

dilbert

8/3/21 8:36am

Why are you moving there? Lots of non-California options out there. I’d have to be paid an ungodly amount of money…

Bar7h

8/2/21 11:01pm

Voluntold.

idacoug

8/2/21 11:08pm

Best weather in the country but you will pay for it. Welcome to the club

gmoney7

8/2/21 11:39pm

Marginally better weather, and not even close to worth it. It was in the 80's.

Kerbouchard

8/2/21 11:51pm

Correction depending on location . HB is great

gmoney7

8/3/21 12:15am

Don’t forget to register your vehicles within 20 days to avoid additional fees

kcca

8/2/21 11:07pm

Ugh. Seriously?

idacoug

8/2/21 11:08pm

And you’ll pay a big fee if your car wasn’t

BlackHawkCoug

8/2/21 11:14pm

What?

idacoug

8/2/21 11:16pm

There are exceptions to that. This page explains fees and exemptions for the

kcca

8/2/21 11:21pm

Smog check baby! LOL

Kerbouchard

8/2/21 11:46pm

If you bought any cars out of state in the last year, CA will want sales tax.

Mitty

8/3/21 1:12pm

That is an incredibly naive conclusion. Everyone would know almost exactly

TeeKaa

8/2/21 11:35pm

Not really. I’ve moved a lot in my life. Prop 13 is not in any other state and

idacoug

8/3/21 5:51am

Everyone should have known what the taxes would be at X purchase price

TeeKaa

8/3/21 7:57am

Every state I have moved too, the property tax was the same as the seller paid

idacoug

8/3/21 11:33am

realtor & lender, yes. I don't believe the actual buyer gets a pass here either.

TeeKaa

8/3/21 12:18pm

No crap. That's the whole point of it. It freezes the tax for the buyers based

Kerbouchard

8/2/21 11:46pm

bad on you for not doing your homework.

OC_Ute

8/3/21 6:58am

I agree.

idacoug

8/3/21 7:46am

And bad on lender/realtor for not explaining property taxes

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