California's Proposition 13 is no stranger to flak, especially whenever the state finds itself out of cash, which is apparently always. The decades-old proposition capped real estate taxes at 1 percent of the property's cash value, never to go up by more than 2 percent -- but they may actually go lower next year for the first time ever. Blame/thank deflation if you must blame/thank anyone, but it's tough times all around for everyone anyway, isn't it? Reposted with permission from Curbed.com. Click here to view original post. Copyright (c) 2009 Curbed.com LLC *** What's your opinion? Leave your comments below or send a letter to the editor. ...
Get Inman via Facebook Messenger
Our top headlines delivered once a day.