As long as they personally don’t have to throw grandma down the stairs, they’re ok with it. The price of progress.
Since TX doesn’t have Prop 13, they are going to be annoyed with the tents cluttering their views.
Since TX doesn’t have Prop 13, they are going to be annoyed with the tents cluttering their views.
edit: apparently, it's some sort of limiting of property tax. yes, texas does not have that, as property tax and sales tax are the only taxes. no state income tax has its pros/cons. it's part of being a texan to annually challenge your homes appraisal value. the only time i've ever had an issue with property tax was my first home when i was 21. it was new construction, so for the first year of the loan, the value was based on the unimproved lot. the next year, escrow doubled because they updated to the new value with the house, and needed to double dip to cover the difference from the previous year. more than doubled the payment. hard lesson to learn.
Property tax is generally determined by the average price of housing in an area. California's prop 13 allowed people to lock in their property tax based on when they bought it. Its been beneficial for retirees and older folks in California who bought their houses decades ago and if forced to pay the taxes based on current valuation would be forced to sell their house and move.
Its received a lot of criticism from people who point out that it's inherently unfair and how that the tax level stays the same if the owner dies and passes the house on to their kids. It also receives a lot of criticism because it also applies to businesses. One particularly egregious example is a country club in the middlebof LA that exists on prime developmental land and normally would be paying huge taxes pays nominal fees and is only available to the extremely wealthy that can afford to join it.
Prop 13 did get some reform last November in regards to inheritance and flexibility for homeowners.