03-30-2006, 11:53 AM
I just want to add a little about California's Prop 13 and the long term consequences of it that affect me personally. I just got hit pretty hard with my property tax hike for my home in Hawaiian Ocean View Ranchos. But to me it still seems reasonable. Because here in CA where I am currently living I pay my regular property tax plus what we call Mello-Roos. Mello-Roos tax is levied upon me because there was not enough money to pay for the necessary infrastructure (schools, roads, landscaping, street lights, parks, etc.) for where I live because of Prop 13. The problem with Mello-Roos is that it is not a property tax. because of that it is not tax deductible like a property tax is. In my case it constitutes about 60% of my total tax bill. And I cannot deduct it! It is also supposed to be a temporary tax (20 year maximum). But from what I have seen by the way it is written, it appears that it can be renewed for almost any reason and without voter approval. Don't get me wrong, I am not happy at the large increase I am having to pay for my home on the BI. But at least I can deduct it from my income taxes. Small consequence.
Kona Dave
Kona Forum
http://www.konaforum.com
The Kona Forum
http://www.konaforum.com
"Only two things are infinite, the universe and human stupidity, and I'm not sure about the former". --Albert Einstein
Kona Dave
Kona Forum
http://www.konaforum.com
The Kona Forum
http://www.konaforum.com
"Only two things are infinite, the universe and human stupidity, and I'm not sure about the former". --Albert Einstein