Comments on: Split-roll property tax would hit small business hard

By: Bob Smith

Bob Smith — Wed, 20 Feb 2013 05:20:39 +0000

Assessing property tax at highest and best use, rather than its actual use, is crazy. For a great example, consider what was happening in Florida in the late 2000s. Small commercial properties near the beach were being assessed as if they were $100 million condo towers, because that was the highest and best use. Annual property taxes were more than the property was worth, causing fire sales to developers. Indeed, a cynic would argue that result was the actual purpose of such an assessment regime, since the assessor has wide and mostly unchallengable latitude in choosing how to assess such properties.

By: SeeSaw

SeeSaw — Tue, 19 Feb 2013 02:20:18 +0000

You would be the one doing that eyeamok. Only a fool would expend two million dollars on a losing proposition in the signature-gathering phase.

By: Hondo

Hondo — Tue, 19 Feb 2013 02:03:27 +0000

Maybe the Dems will be smart enough not to destroy the last business in the state when the unemployment rate is the highest in the nation. No place on earth has more economic assets going for it than California. The fact that the unemployment rate is the worst in the country is a Detroit level catastrophe.
Hondo…

By: eyeamok

eyeamok — Tue, 19 Feb 2013 01:42:06 +0000

Maybe we should put an initiative on the ballot to ABOLISH PROPERTY TAXES altogether, just to watch them pee their pants.