Richard Rider 
Member since Dec 23, 2017


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Re: “SLO hones in on strategies to address pension shortfall

When it comes to gathering sufficient property taxes, Prop 13 is no problem at all except for profligate spenders. Look at the history of my San Diego County a history which pretty much reflects the history of property taxes in the urban/suburban counties that hold over 85% of California's population.

According to San Diego County, in 1977 the year BEFORE Prop 13 took effect (when everything was working great, according to Prop 13 critics) our countywide property tax revenue was about $639 million. In the 2016-2017 fiscal year, our county reports property tax revenues of $6.013 BILLION. Hence for every property tax dollar collected in 1977, the county in 2016-17 collected $9.42. And BTW, according to the County Assessor, since Prop 13 passed, 97% of the pre-Prop 13 county owner-occupied homes have changed hands (and been reassessed) at least once.

During that time frame, our county population has grown about 96%, and inflation has gone up about 292%. Thus property tax revenues today are higher than in the bloated PRE-Prop 13 year, even after adjusting for both inflation and population growth.
http://riderrants.blogspot.com/2016/07/a-defense-of-prop-13-updated-2016.html

5 likes, 0 dislikes
Posted by Richard Rider on 12/23/2017 at 11:20 PM

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