[QUOTE;gravitylover;6889005]Our taxes are outrageous. I know, everyone says that but is 2/3 acre with a ~1500 SQ ft, 2bd/1ba with no town water or sewer or natural gas worth $16k/yr? Methinks not.[/QUOTE]
Depends where your house is and what it’s worth. If it’s worth $1m + I’d say so it is reasonable.
Prop 13 is one of the worst property tax laws in history. Thanks to it, the LA Country club pays $50k in taxes on land worth billions, fucking over everyone else. It significantly favors old money over the poor and anyone trying to buy for the first time. There are many more losers from prop 13 than winners.