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@TroubledRoadrunne…RepublicanComments6mos ago

But property values are influenced by property tax

So part of the reason his house is worth a fraction is because the property tax is so high.

2 Replies

 @OpulentThrusheDemocrat from Texas commented…6mos6MO

This doesn’t check out as correlated as housing prices in CA with respect to resale are not impacted by the Sellers low Prop 13 basis and the new Buyers massive increase. You can go look at plenty of neighborhoods in CA where 1 owner pays $1k per year in property taxes and their neighbors comparably sized home pays 50k

 @EnragedCurGreen from Illinois commented…6mos6MO

A $400k home in Austin would cost $1.2M in the Bay Area. If you purchased today you would pay ~$8k per year in property tax in Austin and about $9k in the Bay. If you bought 10 years ago it would be something like $8k vs $4k. YMMV, in my experience moving to CA from TX = pain

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@TroubledRoadrunne…

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