Proposition 13

Article

Proposition 13 is a recurring concept in the Astral Codex Ten archive, appearing 2 times across 2 issues between December 09, 2021 and September 11, 2023. The archive places it in contexts such as “Let’s put aside Proposition 13’s legacy in California for a second”; “Proposition 13 related tax shenanigans”; “I don’t know enough about how Proposition 13 works to contradict this”. It most often appears alongside China, France, New York City.

Metadata

  • Category: Concepts
  • Mention count: 2
  • Issue count: 2
  • First seen: December 09, 2021
  • Last seen: September 11, 2023

Appears In

Source Context

Recovered passages from the original issue text. When the raw archive preserved outbound links inside the source passage, they are listed directly under the quote.

December 09, 2021 · Original source
And for two, property tax assessments have all kinds of exemptions and carve-outs that serve to depress official statistics. Let's put aside Proposition 13's legacy in California for a second and just compare the sale history to the tax history of properties like this one in Manhattan:
September 11, 2023 · Original source
I would be shocked in Proposition 13 related tax shenanigans are not underlying a major part of the Solano "new city" development. Having valuations increase is great - but having to pay almost no taxes on it is a major force multiplier. As I have noted before: people who bought property in Pacific Heights in the late 70s and early 80s now pay annual property tax that is less than 1 month's rent for a 1 bedroom in SF - and there are many ways to make this intergenerational.
I don’t know enough about how Proposition 13 works to contradict this, although my understanding is that if they sell the land (eg to developers or homeowners) that negates this benefit.