Tags: Climate Change

Wily Calif. Angles for Higher Property Taxes

By
Wednesday, 13 May 2015 11:15 AM Current | Bio | Archive

The left’s desire for more tax revenue is simply insatiable. This urge is so strong it’s accurate to call it an addiction, since the left demands larger and larger doses, refuses to seek treatment, and experiences severe withdrawal pains during those rare times when conservatives can reduce the flow of money.

The fact is, we may be in a rainfall drought now, but there is never a tax drought in California. The latest leftist assault on California pocketbooks involves significantly altering one of the few pro–taxpayer laws on the books and turning it into another pro–taxes statute.

Proposition 13 was a referendum passed 35 years ago by California voters enraged by constantly increasing property tax bills. The law limits property taxes on both commercial and residential to 1 percent of the assessed value, plus what is required to pay bond indebtedness. Increases are limited to a maximum of 2 percent per year unless the property is sold, then the value or assessment resets to the current market rate.

New construction, whether commercial or residential, is placed on the tax rolls at current market value, after which Proposition 13 governs increases in taxes.

Limits on tax revenue drive the left berserk. Colorado also has a statutory tax limit and spenders there regularly attempt to repeal or revise the limits. California spenders want to do the same.

The Sacramento Bee reports the newest attempt by big government spenders to take more of our money is called "Make It Fair," and naturally enough it’s backed by government employee unions that need an ever-increasing amount of tax revenue to protect their pensions and increase benefits.

The goal of the campaign is to split residential property from commercial property — defined by the organizers as industrial, retail, and office complexes — and retain Proposition 13 limits for owner–occupied homes, residential rental properties, and farmland.

The spin-meister for the campaign justified the tax increase with the usual appeal to envy,
“California is losing billions of dollars every year thanks to problems in the law that allow some big corporations and wealthy commercial property owners to avoid paying their fair share.”

When he says “losing” think allowing people to keep the money they’ve earned and when he says “fair share” think whatever tax raisers think they can get away with.

And where would the $9 billion per year in additional tax revenue be used if the law is altered?

It would “adequately finance schools and improve local government services.” In other words, more money would be sent to failing government schools and more money would be wasted on expensive social services.

Is it any wonder business is leaving the state? If this passed, the governor of Texas will have to build a new West–East interstate to handle the traffic fleeing from California.

California localities collected almost $60 billion in property taxes in 2011 (the latest year on record). That is more than enough to pay for local government functions, if local government could distinguish government needs from government wants.

Michael R. Shannon is a commentator, researcher (for the League of American Voters), and an award-winning political and advertising consultant with nationwide and international experience. He is author of "Conservative Christian’s Guidebook for Living in Secular Times (Now with added humor!)." Read more of Michael Shannon's reports — Go Here Now.
 




© 2017 Newsmax. All rights reserved.

   
1Like our page
2Share
MichaelShannon
There is never a tax drought in California. The latest leftist assault on California pocketbooks involves significantly altering one of the few pro–taxpayer laws on the books and turning it into another pro–taxes statute.
Climate Change
550
2015-15-13
Wednesday, 13 May 2015 11:15 AM
Newsmax Inc.
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved