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Article #1977

Re: Property Rights

#1977
From: Jeff Liebermann
Date: Sat, 25 Jun 2005 06:15
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On Sat, 25 Jun 2005 04:19:33 +0000 (UTC), Merlin Dorfman
<dorfman@green.rahul.net> wrote:

>     The property owners will, I'm sure, be paid more than their
>property is worth (...)

Don't be so sure.  Under Calif Proposition 13, my houses maintain an
artificially lower tax rate than what the state finds profitable.
Were I to be paid fair market rate for my house, purchase a comparable
house at asking price, and convince the state to pay for the closing
costs and moving expenses, I would still need to deal with a rather
dramatic increase in property taxes on the new house.  Frankly, I
could not afford to buy my own house or one of equal value. 

To the participating government, eliminating urban blight really means
raising property tax revenues.  I suspect there's going to be
considerable urban blight newly discovered in old and high priced, but
low taxed, neighborhoods.  Think revenue enhancement.



-- 
# Jeff Liebermann 150 Felker St #D Santa Cruz CA 95060
# 831.336.2558 voice  http://www.LearnByDestroying.com
#                         jeffl@comix.santa-cruz.ca.us
#                           jeffl@cruzio.com     AE6KS
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From: Jeff Liebermann <jeffl@comix.santa-cruz.ca.us>
Newsgroups: la.general,ca.general,scruz.general,misc.survivalism,alt.tv.the-west-wing
Subject: Re: Property Rights
Organization: Committee to Maintain an Independent Xenix
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