Proposal A was just another special interest [[old people) tax break and nothing more. It certainly was NOT property tax reform. Just look at who benefited, the people who had been in their homes for a long time. Who did it punish the most? Young people with growing families who would need to get bigger houses, first time home buyers and people moving here needing houses. After 20 years what have we got? A declining population. One of the worst performing housing markets statewide in the country in that time period and still top ten highest property taxes in the country.
We bit off our nose to spite our face. One of the largest wealth generators for individuals in America is appreciation of value in the primary residence. Hows that been working around here for the last 20 years? High property taxes on low value homes is a economy and neighborhood destroyer. 4k in property taxes is ridiculously high period.
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