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drewdayesterday at 10:00 PM1 replyview on HN

The reason for most of those fees for parks and schools is because Prop 13 has prevented property taxes from raising with the market on older property owners (and the LLCs that own commercial properties), so cities and school districts have to instead turn to newcomers to get some amount of revenue to cover the costs of providing public services.


Replies

Incipienttoday at 1:07 AM

We have a great system here I believe - or at least great enough? - councils charge a percentage of the hypothetical rental value of the property in fees/taxes (in reality this hypothetical rental value is quite a bit below actual rental values - they don't seem to minmax their income).