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.
> Prop 13 was not a simple homeowners revolt. Jarvis-Gann drafted it carefully.< Even though it involved a large element of homeowners' revolt, J-G had to respond to political reality of who has the power: if they did not throw as sop to big business, the opposition by Bank of American _et al_ might have been stronger and even decisive. In case people don't remember, in the olden days of Jarvis-Gann, the B of A was only a California bank, with its HQ in San Francisco. -- Jim Devine / "If heart-aches were commercials, we'd all be on TV." -- John Prine _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
