For years, reformers [the good kind] have argued for a split role so that the treatment of business & residental property would be different -- in a way to make business pay more to erase the effect that Gene mentioned.
On Mon, May 04, 2009 at 02:37:41PM -0700, Eugene Coyle wrote: > Another wrinkle in Prop 13 protected corporate property on sale. When a > homeowner sells the buyer pays taxes on the value appraised then, so > taxes on a particular property jump. A commercial sale can potentially > be structured so that it appears the owner remains. I understand that > this has gradually shifted more of the burden onto residential property, > though I have not looked into that. -- Michael Perelman Economics Department California State University Chico, CA 95929 Tel. 530-898-5321 E-Mail michael at ecst.csuchico.edu michaelperelman.wordpress.com _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
