40 Years on, How Does Proposition 13 Impact the California Dream?

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KQED PODCAST. The California Report Magazine’s, Vanessa Rancaño looked at her own neighborhood in North Oakland, where she rents a home.

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Do you know how much your neighbor’s house cost? How about how much they pay in property taxes? We usually don’t pry into our neighbors’ lives and ask these questions, but as part of our special on California’s Proposition 13, that’s exactly what we did.

This year marks the 40th anniversary of Proposition 13, which essentially locks in a homeowner’s property tax to the year they bought their home — no matter how much their home increases in value.

 

 

Coastside Buzz
Author: Coastside Buzz

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