Pretty sure you can as long as its used as a primary residence.
California Proposition 19 - What It Is and How It Works | Blog | Corinthian Title
Property Tax Transfers, Exemptions, and Revenue for Wildfire Agencies and Counties Amendment (2020) Permits homeowners who are over 55, severely disabled, or whose homes were destroyed by...corinthiantitle.com
If you wanted to trip over $100 to pick up $10 sure, go ahead.
Cute.l, but I'd doesn't really address the problem.
Personally, I don't give a fuck about what most people do. Most people are complete idiots! So following the droves has never been on my to-do list.
The whole point of this thread was how people in Havasu City are dealing with huge increases in property taxes due to their increased property values, due to the lack of prop 13!
Basically, they are fucked if they aren't prepared for that increase.
I want my monthly nut to be as cheap as it possibly can be, and to ensure that whatever it ends up being, it pretty much stays that way. At least as much as I possible can.
I have no doubt there are lots of people out there, making baller money in retirement, that don't have to worry about such things. More power to em!
Someday I'll sit down and figure out what works for me. It's definitely on my to-do list.
I take exception to this statement and feel compelled to defend teachers.
. Same stupidity for me. Compared to CA, AZ property taxes are a non issue.
.
No, my wife is in year 29 ( got hired at 22 y.o.) and the goal posts have been moved miles away from actually teaching, especially after about her 19th year, since she was hired. The admin is more top heavy and in fear of litigation than ever, 504 and iep abuse by kids and parents absolutely out of control , chromebook "learning" bullshit, curriculum changes (may or may not get followed lol ) , staff development requirements which are a massive waste of time, etc make it way harder and take way more time and effort. There's tons of crazy parents now, especially with social media. Hell , in my wife's district (conservative majority politically btw) they just moved the start time back to 830 am to let the coddled gamers get more sleep or stay up even later . When she retires in a couple years I will post up some of the crazy parent emails she saves
. You couldn't pay me enough to do it for one month let alone 30 years . And @Sportin' Wood wood is right, all that free time off lands right when it's crowded for travelling.....
No, my wife is in year 29 ( got hired at 22 y.o.) and the goal posts have been moved miles away from actually teaching, especially after about her 19th year, since she was hired. The admin is more top heavy and in fear of litigation than ever, 504 and iep abuse by kids and parents absolutely out of control , chromebook "learning" bullshit, curriculum changes (may or may not get followed lol ) , staff development requirements which are a massive waste of time, etc make it way harder and take way more time and effort. There's tons of crazy parents now, especially with social media. Hell , in my wife's district (conservative majority politically btw) they just moved the start time back to 830 am to let the coddled gamers get more sleep or stay up even later . When she retires in a couple years I will post up some of the crazy parent emails she saves
True- as for the union wifey opted out a couple years ago due to not wanting to support Newsome with her dues, but in a general sense they suck at negotiating anything from what I've seen . It's a half decent second income , considering the benefits, but no cakewalk -
Ive never really seriously penciled it all out...
If I buy a million dollar property in AZ, I'd be paying 13k a year in property taxes, yeah?
That's 10,400.00 in savings I'd have to find JUST to break even, much less come out ahead!
Where is that savings gonna come from???
I'm not really sure I want a 13k a year tax bill on a fixed income. Msh less the unchecked increases that will certainly be following it.
I'd need a spreadsheet and some time to see if it actually makes sense, but on the surface, it sounds insane.
www.boe.ca.gov
It's a prop13 thing. A lot of people don't believe it, you're not alone!
You do have to be 55, and it's only a one time deal.
You have to be Very careful if you do take advantage of it. A mistake would be Very costly, but done right, it's probably the best thing CA has to offer...
Prop19 provides additional benefits, but it's for seniors, the disabled, and victims of wildfires.
I'm not fully informed about 19. You can read up on it here...
Proposition 19 – Board of Equalization
That “upward adjustment” is based on the reassessment. And you pay the real taxes on the reassessment delta.
www.ocregister.com
Yes. And no. It's confusing for sure...
How it works: Prop. 13 transfers and CAR’s proposed blended assessments
Eleven California counties have voted to let senior and disabled homeowners move their existing Proposition 13 property tax assessment across their borders under the current law. They are: Alameda …
. My sisters and several friends of ours that are teachers here in CA are all putting their kids in private school, or really considering it.
Maybe she can make enough to offset our alcohol budget.
THIS!
That is not how pensions work.
I keep reading these comments about pensions, and I can't help but assume that people think a pension means that the municipality keeps paying a salary after the person has retired.
My wife pulled her invested retirement fund out of California CALPers because of fear they would bankrupt the fund. Her pension was funded into an account similar to a 401k. Her retirement is based on investments she made during her career.
The Job changed over the years, and she quit. My point was a response to the comment about teachers being on vacation for the last 1.5 years, and at least my wife was not. I can tell you it is not easy to switch careers from teacher to anything else as My wife has not had much success in the last six months.
The problem is bureaucracy. The top-heavy decision makers that add little value. College professors' pay did not rise at the same rate tuition did. Teachers are still grossly underpaid IMHO. That is why we get shitty teachers. Activist teachers don't care about making money. In my wife's entire career, I have not liked her co workers. There has been one I tolerate because her husband is pretty cool, but they are still FN Liberals, and we can't talk politics. The rest were FN clueless.
She never invited me to any work functions because I would make a problem for her. That being said, when people say teachers don't work, it pisses me off because my wife worked her ass off teaching for a pretty shitty wage.
I'm unwilling to give up my freedom so she can collect a $50K salary yearly. Montana is one of the worst for pay. Hopefully, she will tend the bar at the Elks club in LHC this year.
If I cared enough, I could run for school board or city council, and so could the rest of you, but it is far easier to complain on message boards and social media about the FN teachers and how we should fire them all. In so far as the Teachers union, they are a joke and don't give two shits about the members. Angie was not a member for most of her career.
If I had school-age kids, I would do whatever I could to send them to private school. If I stop snowbirding, I will run for office; I will be a mother fawker if I get elected.
Back to the topic of taxes. It seems crazy to me the extent people (myself included) will go to keep from paying taxes. Montana LLC for my quarter million dollar boat, RV sports cars, multiple S corps, suspect expenses, write-offs, fudging title exchanges from relatives with low property tax burdens, etc. But we bitch about roads and the quality of municipality service. Yep, I say work the loopholes all you can, but don't bitch about the streets.
I'm fine with the pot-holed shit street in front of our house. It keeps the speeds down. Hell, I lived on dirt roads most of my life; it's a positive that my cars are not covered in mud, and I don't need to be on the tractor grading it six times a year.
If you didn't like the job, go get a new one.
Perhaps, but that is how government works. Look at the liabilities of CALPers alone. We can't have people infinitely retiring making 90% of their salary and expect to deliver value to the tax payer.. Unless there is a pandemic that kills off old people or something.
Look man... I get it. The point I was trying to make is, lower enrollment across the board, yet the govt somehow justifies a raise. Schools were closed in CA for over a year, but the first year back they justify a raise. This just goes back to the original post of how government serves its own best interest. They will continue to spend 90+ % of their revenues on payroll and benefits.... and not serve the publics needs for things like decent roads, trash removal... hell even taking care of weeds in the medians etc. Our schools here in Riverside were so dilapidated, that they had to increase our property taxes 2 years ago in order to slap some paint on them and clean them up. Where did all the money go for maintaining the schools over the last 30 years?
I run a business.... if our sales and clientele were way down , the last thing we would be discussing is pay raises
now responding to some your post...if we get what we pay for, California should have the best education system in the country. Heck we should have no crime and no fires. CA has the highest paid teachers, cops, firefighters etc. What's going on here?
My sister and sister in law are both teachers.... My sister clears 100K as a public highschool teacher. I'd consider that pretty damn good pay. My sisters are both examples of great teachers, but unfortunately they are the exception. Most of their co-workers do not put in the same effort or emphasis on educating their students, yet they get the same pay. This is the problem with govt work.... there is dang near no accountability, yet the pay is level across the board. We've had overall good teachers throughout public school for my kids. We pulled them out at 5th and 2nd grade. They are both now at a private Christian school... The teachers there are paid significantly less, and the level of education and care provided by these teachers is significantly higher than what we experienced in public school
It's a prop13 thing. A lot of people don't believe it, you're not alone!
You do have to be 55, and it's only a one time deal.
You have to be Very careful if you do take advantage of it. A mistake would be Very costly, but done right, it's probably the best thing CA has to offer...
Prop19 provides additional benefits, but it's for seniors, the disabled, and victims of wildfires.
I'm not fully informed about 19. You can read up on it here...
Proposition 19 – Board of Equalization
That makes sense. I'm still not 55, so I wouldn't know about it
Look man... I get it. The point I was trying to make is, lower enrollment across the board, yet the govt somehow justifies a raise. Going back to my teaching in CA, our mandated maximum class sizes went from 33 to 35 to 36 to 38. No raise. Sometimes I had 40 kids in the classroom. No raise. So if class sizes are going down, it's probably going back to a more normal class size. Schools were closed in CA for over a year, but the first year back they justify a raise. Schools weren't closed. Teachers were teaching from home. There is a big difference. Inflation has risen by 10%. Teachers should not get any raise because they were remote workers? The kids at McDonald's got a raise but teachers shouldn't? This just goes back to the original post of how government serves its own best interest. They will continue to spend 90+ % of their revenues on payroll and benefits.... and not serve the publics needs for things like decent roads, trash removal... hell even taking care of weeds in the medians etc. Our schools here in Riverside were so dilapidated, that they had to increase our property taxes 2 years ago in order to slap some paint on them and clean them up. Where did all the money go for maintaining the schools over the last 30 years? That is a great question. When was the last time you went to a school board meeting to ask that question?
I run a business.... if our sales and clientele were way down , the last thing we would be discussing is pay raises
now responding to some your post...if we get what we pay for, California should have the best education system in the country. Heck we should have no crime and no fires. CA has the highest paid teachers, cops, firefighters etc. What's going on here?
My sister and sister in law are both teachers.... My sister clears 100K as a public highschool teacher. I'd consider that pretty damn good pay. My sisters are both examples of great teachers, but unfortunately they are the exception. Most of their co-workers do not put in the same effort or emphasis on educating their students, yet they get the same pay. This is the problem with govt work.... there is dang near no accountability, yet the pay is level across the board. That is a great point. How would you change that? We've had overall good teachers throughout public school for my kids. We pulled them out at 5th and 2nd grade. They are both now at a private Christian school... The teachers there are paid significantly less, and the level of education and care provided by these teachers is significantly higher than what we experienced in public school
I never inferred they were paying her salary. I inferred she was getting a return on her investment of time and career.
If one pulls their fund out of CALPers that is their choice. If one quits the job, that is their choice. as well.
I am saying this in a general sense, not to you or your wife. -
We all work hard, we all don't get paid enough, and we all have shitty coworkers. It is a job not a social hour
You just cant sit on both sides of the fences saying it was a shitty low paying job that you did for 30 years and you stuck it out that whole time because you got nothing for it in the end. That makes 0 logical sense. If true, you probably got what you deserved, or you would have went and did something else.
CalPERS/STRS retirements do not come out of the annual California budget. Annual retirement monies (an agreed-upon amount paid by the state) are put into a fund. Money from that fund is invested and maintained by CalPERS/STRS. Now, California perhaps pays too much into that retirement fund annually and guarantees too large of a pension, but that amount could be reduced at any time if the state wished to do it. The point I'm trying to make is the state of California is not currently paying for a police officer or teacher who retired 10 years ago. That money is coming out of the investment fund. That fund (PERS) had a $30 billion loss last year.
If the stock market completely crashes . . .
CalPERS/STRS retirements do not come out of the annual California budget. Annual retirement monies (an agreed-upon amount paid by the state) are put into a fund. Money from that fund is invested and maintained by CalPERS/STRS. Now, California perhaps pays too much into that retirement fund annually and guarantees too large of a pension, but that amount could be reduced at any time if the state wished to do it. The point I'm trying to make is the state of California is not currently paying for a police officer or teacher who retired 10 years ago. That money is coming out of the investment fund. That fund (PERS) had a $30 billion loss last year.
Perhaps you understand this, but I think a lot of people may not.
Calpers is backed by the tax payer . If the money is invested poorly the money is covered . Part of the scam . Private retirement does not work that way obviously
However when fund managers predict a certain % of return, and that fund does not meet the projection, taxpayers are on the hook to cover the unfunded portion. The state will not do that as unions hold power in CA. Side note the wheather is unmatched.CalPERS/STRS retirements do not come out of the annual California budget. Annual retirement monies (an agreed-upon amount paid by the state) are put into a fund. Money from that fund is invested and maintained by CalPERS/STRS. Now, California perhaps pays too much into that retirement fund annually and guarantees too large of a pension, but that amount could be reduced at any time if the state wished to do it. The point I'm trying to make is the state of California is not currently paying for a police officer or teacher who retired 10 years ago. That money is coming out of the investment fund. That fund (PERS) had a $30 billion loss last year.
Perhaps you understand this, but I think a lot of people may not.
I'm confused, How do uninvest in your Cal Pers retirement? Do you mean she pulled her money out of her Deferred Compensation?I keep reading these comments about pensions, and I can't help but assume that people think a pension means that the municipality keeps paying a salary after the person has retired.
My wife pulled her invested retirement fund out of California CALPers because of fear they would bankrupt the fund. Her pension was funded into an account similar to a 401k. Her retirement is based on investments she made during her career.
The Job changed over the years, and she quit. My point was a response to the comment about teachers being on vacation for the last 1.5 years, and at least my wife was not. I can tell you it is not easy to switch careers from teacher to anything else as My wife has not had much success in the last six months.
The problem is bureaucracy. The top-heavy decision makers that add little value. College professors' pay did not rise at the same rate tuition did. Teachers are still grossly underpaid IMHO. That is why we get shitty teachers. Activist teachers don't care about making money. In my wife's entire career, I have not liked her co workers. There has been one I tolerate because her husband is pretty cool, but they are still FN Liberals, and we can't talk politics. The rest were FN clueless.
She never invited me to any work functions because I would make a problem for her. That being said, when people say teachers don't work, it pisses me off because my wife worked her ass off teaching for a pretty shitty wage.
I'm unwilling to give up my freedom so she can collect a $50K salary yearly. Montana is one of the worst for pay. Hopefully, she will tend the bar at the Elks club in LHC this year.
If I cared enough, I could run for school board or city council, and so could the rest of you, but it is far easier to complain on message boards and social media about the FN teachers and how we should fire them all. In so far as the Teachers union, they are a joke and don't give two shits about the members. Angie was not a member for most of her career.
If I had school-age kids, I would do whatever I could to send them to private school. If I stop snowbirding, I will run for office; I will be a mother fawker if I get elected.
Back to the topic of taxes. It seems crazy to me the extent people (myself included) will go to keep from paying taxes. Montana LLC for my quarter million dollar boat, RV sports cars, multiple S corps, suspect expenses, write-offs, fudging title exchanges from relatives with low property tax burdens, etc. But we bitch about roads and the quality of municipality service. Yep, I say work the loopholes all you can, but don't bitch about the streets.
I'm fine with the pot-holed shit street in front of our house. It keeps the speeds down. Hell, I lived on dirt roads most of my life; it's a positive that my cars are not covered in mud, and I don't need to be on the tractor grading it six times a year.
