Prop13 Subsidy Mapping Project: Difference between revisions

[[File:Kim-Mai Cutler on Twitter EMP.jpg|thumb|right|400px|it's cookin' on Twittah]]In the Bay Area and California, like other high-growth regions around the world, there have been dramatic rises in property values in recent decades. InAdditionally, in California, the [[Proposition_13|Proposition 13]] tax-limitation measure of 1978 means that there are sometimes large disparities in the longereffective someonetax hasrate ownedpayed by property owners, thewith lowerthose theirowning taxfor ratelonger paying lower taxes. 

#housing property equity wealth gains

#Proposition 13 tax subsidies, i.e. disparities between taxable (assessed) and actual (estimated market) value

*Franklin, Zach. "[http://www.berkeleyside.com/2016/12/15/passing-the-torch-intergenerational-equity-and-the-housing-crisis/ Op-ed: Passing the torch – Intergenerational equity and t]he housing crisis." ''Berkleyside'', Dec. 15, 2016.&nbsp;[http://www.berkeleyside.com/2016/12/15/passing-the-torch-intergenerational-equity-and-the-housing-crisis/ http://www.berkeleyside.com/2016/12/15/passing-the-torch-intergenerational-equity-and-the-housing-crisis/].<br/> ''"My suggestion: a “Pay It Forward” program where homeowners give back a portion of their Prop. 13 subsidies to the Housing Trust Fund, with low-income homeowners exempted. If state law says it can’t be a formal property tax, we could just send folks an invoice, and assume their progressive Berkeley values will compel them to do the right thing. Some back-of-the-envelope math indicates that well-off, long-time homeowners sharing a quarter of their subsidies could raise over $15 million annually for affordable housing – five times more than Measure U1. We can leverage that with county, state and federal dollars many times over to fuel a massive affordable housing renaissance in Berkeley, and demonstrate a model that could generate billions statewide."''<br/> &nbsp;