> I have wondered about how to repeal Prop 13, but I can't come up with a repeal that doesn't do equal and opposite damage.
I haven't thought enough of the consequences, but what I have been pondering is complete removal of property tax on your personal residence. You have to spend 50% + 1 day to count it as your residence.
Any commercial property or nonresidence would continue to have property tax.
There would be some cheats, like people claiming to have spent 50% + 1 day despite not having done that, or somebody living in an apartment complex they own to avoid tax, but overall I think it would solve a lot of problems.
I haven't thought enough of the consequences, but what I have been pondering is complete removal of property tax on your personal residence. You have to spend 50% + 1 day to count it as your residence.
Any commercial property or nonresidence would continue to have property tax.
There would be some cheats, like people claiming to have spent 50% + 1 day despite not having done that, or somebody living in an apartment complex they own to avoid tax, but overall I think it would solve a lot of problems.
The only drawback I see is less tax revenue.