Re: California's proposition 13
I live in suburban chicago. High property taxes, low income tax. Last year 2009, my property taxes increased 5%. I have a 2200 sq/ft. home with
average / low construction quality. On this home I pay 8000 bucks a year. This is killing me. My wages are lower than in 2000, but these taxes keep going up. Then we have the politicians cry about the banks foreclosing on people. How many foreclosures would be stemmed by giving people property tax relief? If I'm unemployed, where am I going to get 8K?? At least with an income tax, if you are not working you don't have a tax liability.
I live in suburban chicago. High property taxes, low income tax. Last year 2009, my property taxes increased 5%. I have a 2200 sq/ft. home with
average / low construction quality. On this home I pay 8000 bucks a year. This is killing me. My wages are lower than in 2000, but these taxes keep going up. Then we have the politicians cry about the banks foreclosing on people. How many foreclosures would be stemmed by giving people property tax relief? If I'm unemployed, where am I going to get 8K?? At least with an income tax, if you are not working you don't have a tax liability.
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