Sales tax increase was cowardly act Apr 3, 2009
The real money is in the property tax, as Warren Buffett knows, while he pays his California property taxes each year. It must be nice having a property valued at $150,000, while his newly arrived neighbor's foreclosed property is valued at $1 million. (San Francisco Chronicle -- Opinion)
Turlock to card room: Ante Up Jan 17, 2008
Since the passage of Proposition 13 in 1978 capped California property taxes -- formerly the largest revenue stream to city governments -- local officials have had to get creative, Kerr said. Today, homes, apartment buildings and condominiums have a negative effect on cities' bottom lines, so expansive impact fees and aggressive development agreements are worked out on a project-by-project basis across California to keep local governments fiscally solvent. (Modesto Bee, CA)
Not too late to support our schools Nov 9, 2007
The yes vote constituted just 57 percent of ballots and 57 percent - here comes the irony - is the average amount California property taxes were reduced by Prop ... Thirty years ago a confluence of unfortunate forces conspired to radically inflate California property taxes. (Sonoma Index-Tribune, CA)
Billionaire Warren Buffett -- a Case of the Guilts? Jul 7, 2007
Incredibly, Buffett promptly urged an increase in California property taxes. Buffett also opposes repeal of the estate tax, considering it unfair for generation after generation to retain wealth, presumably preventing those in the lower classes (where he came from) from rising up. (Human Events Online)
