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Quarter-century cap

Posted: May 28, 2009 8:44 p.m.
Updated: May 29, 2009 4:55 a.m.
 
The California real estate assessment valuation-benchmark created by Proposition 13 is now almost 35 years old, which is really too long for a California parcel to escape an actual taxable-assessment.

If the escape is not capped, there will be less and less revenue, fewer balanced budgets, more lost services, more lost jobs, more election waste, and more pain.

I am suggesting that each California parcel receive an updated evaluation/assessment at least once each quarter-century (25 years), regardless of it being a residential or commercial parcel.

I am not suggesting the elimination of Proposition 13, but merely installing a cap to stop its choking effect, which will get tighter and tighter year after year if we continue doing the same thing.

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