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Day By Day© by Chris Muir.

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Monday, July 26, 2004

cali property taxes and the schools

i present Exhibit 1 for those of you gentle readers who may reside in the state of california. i've heard a lot of noise about how the schools are underfunded in this state because property taxes were held down by prop. 13. you will note that in the last 26 years, cali's property taxes have been on par with other states, with an explanation of how that has happened. so, why are our schools in such a mess?

1 Comments:

Blogger Edvardicus said...

Maybe, but 30 years of underfunding has had its impact. Additionally if you consider the fact that major commercial holdings haven't turned over, for example, the oil refineries in Contra Costa County, and are still taxed at a much lower rate than residential properties, the inequity of the tax structure becomes evident. Thats why I favor a split roll. Maintain prop 13 for residential and reassess commercial properties above a threshold level every couple of years and bang! no more problem.

7/26/04, 9:38 PM  

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