California can’t afford to keep Prop. 13 loopholes open when billions of dollars are on the line
Proposition 13 was sold as a way to save retirees' homes from rising property taxes. It became a permanent discount for rich, corporate property owners.
This CalMatters commentary argues that Proposition 13, sold to keep retirees in their homes, became a permanent discount for wealthy and corporate property owners. My take: protect the homeowner and close the corporate loopholes. And whatever Sacramento decides, your property tax bill is not the reason you haven’t bought. The power move: control what you can. — Eric Lawrence Frazier, MBA, Your Trusted Advisor in Business and Wealth
