Dear Henry, The issue was not land versus improvements. As Gene mention, businesses do not appear to be sold, so they are not revalued. Houses turn over more frequently, so they pay taxes that tend to reflect current prices more.
On Mon, May 04, 2009 at 06:27:49PM -0400, Max Sawicky wrote: > Henry George, call your office. > > (or split land v. improvements) > > > On Mon, May 4, 2009 at 5:41 PM, Michael Perelman > <[email protected]> wrote: > > 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 > > > _______________________________________________ > pen-l mailing list > [email protected] > https://lists.csuchico.edu/mailman/listinfo/pen-l -- 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
