You ever wondered why it is that public education is pretty poor in California? Because one of the top reasons has to be lack of funding. How could California have shitty school funding and pricey real estate at the same time? (You’d ask if you were better educated and more curious.) Well it turns out that California has proposition 13 in place which makes it so that taxes on real estate are capped and move up very little.
This state of affairs is so unsustainable that in new suburban developments they have had to instate local property taxes (aka Mello-Roos) in order to make up the gap in funding. In areas where the properties are older (much of the cities and state) and don’t fall under those new tax zones, you have multimillionaire landlords that bought property in 1980 paying hundreds of dollars in taxes per year…which is not exactly enough to fund flourishing schools.
You ever wondered why it is that public education is pretty poor in California? Because one of the top reasons has to be lack of funding. How could California have shitty school funding and pricey real estate at the same time? (You’d ask if you were better educated and more curious.) Well it turns out that California has proposition 13 in place which makes it so that taxes on real estate are capped and move up very little.
This state of affairs is so unsustainable that in new suburban developments they have had to instate local property taxes (aka Mello-Roos) in order to make up the gap in funding. In areas where the properties are older (much of the cities and state) and don’t fall under those new tax zones, you have multimillionaire landlords that bought property in 1980 paying hundreds of dollars in taxes per year…which is not exactly enough to fund flourishing schools.