If you think of the government as the "ultimate landlord", then property tax is just another form of rent and Prop 13 is just another form of rent control. It has most of the same positives and negatives as rent control:
> forces an incentive not to move
Check, if you move your property tax will go up
> and owner's have little incentive to bring up to standard something they are not going to get an ROI on
Check, the "landlord" (government) spending on residential infrastructure won't result in increased property tax income. This is partly why the peninsula cities invest so much in office space but refuse to build housing.
You're right that Prop 13 makes rent control possible, but overall I'm not sure that's a good thing.
<You're right that Prop 13 makes rent control possible>
Completely false; the Jarvis-Gann Amendment ("Prop 13") has nothing to do with rent control.
You may intend to instead argue that both JGA and rent control provide disincentives to move (and I would not disagree), but that's a different statement.
You're being down-voted because Klipt is agreeing with GP that by holding down the costs of property owners Prop 13 makes the holding down of property revenues by rent control more tolerable for the owner.
No, I'm being downvoted as a protest proxy against Prop 13, which I didn't advocate or defend -- I just tried to clarify the history. (I wasn't even of voting age when it passed.)
Rent control existed in many CA cities well before Prop 13 and is orthogonal. The impetus for Prop 13 was that frequent and growing property tax rate (as well as assessment) increases during Willie Brown's control of the Assembly, combined with high mortgage interest rates, were driving longtime residents (especially seniors and others on fixed incomes) out of their homes.
Most rental property owners are not lifelong, continuous owners that benefit significantly from Prop 13, and I guarantee you that those who are aren't giving any rent "discounts" because of Prop 13 savings -- the market (and law) sets the rents.
> forces an incentive not to move
Check, if you move your property tax will go up
> and owner's have little incentive to bring up to standard something they are not going to get an ROI on
Check, the "landlord" (government) spending on residential infrastructure won't result in increased property tax income. This is partly why the peninsula cities invest so much in office space but refuse to build housing.
You're right that Prop 13 makes rent control possible, but overall I'm not sure that's a good thing.