Assessor’s Nightmare
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In the mid-70’s, real estate taxes averaged between 2% and 2.25% of assessed valuation--a heavy burden on buyers and remaining property owners.
Today, both pay only 1% on their assessed valuations!
Even though current buyers in (Assessor Alexander H. Pope’s) Lakewood example are paying 3 1/2 times the taxes levied on a home occupied by an old-time resident, these buyers are paying only $1,025, as against between $2,050 and $2,306 they would be charged if Proposition 13 had not been passed.
Don’t shed unnecessary tears for the “poor buyers.” They, too, are receiving the benefits of Proposition 13.
RUDY DOMENIE
Laguna Hills
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