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 theurban/suburbancounties that hold over 80% 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 2015-2016 fiscal year, our county reports property tax revenues of $5.684 BILLION. Hence for every property taxdollarcollected in 1977, the county in 2015-16 collected$8.90. 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 95%, and inflation has gone up about 270%. Henceproperty tax revenues today are… Read More