PROP 13: Who’s the Fairest of Them all?
Almost twenty years ago, Money Magazine sponsored a debate and panel discussion at UCLA on Proposition 13. When one of the panelists, with ties to the public sector, began to assert vigorously that the tax cutting measure was unfair, he was challenged by Craig Stubblebine, Professor of Political Economy at Claremont McKenna College. Stubblebine said he would be happy to discuss fairness, but charged that the critic’s true motivation was simply the desire for more revenue. The Proposition 13 critic sheepishly conceded the point.
I thought of this last week when we of the Howard Jarvis Taxpayers Association caucused with about a hundred Southern California taxpayer advocates and activists to discuss attacks on Proposition 13. After the event, a longtime homeowner approached me and told me that he had had words with a new neighbor over the fact that he was paying less in property taxes and the recent homebuyer thought this was unfair.
While Professor Stubblebine’s opponent refused to continue the fairness debate, knowledgeable taxpayers are always glad to address the issue.
Because Proposition 13 uses acquisition value (usually the purchase price) as a… Read More