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Letter of the Day: Prop. 13 benefits

The view from Warren Buffett's home in Laguna Nigel. He said the property taxes are higher on his home in Nebraska.

Published: Monday, December 10, 2012 at 3:00 a.m.
Last Modified: Friday, December 7, 2012 at 5:19 p.m.

Prop. 13 benefits

EDITOR: I recently heard Warren Buffet boast that he pays less in property taxes on his multimillion mansion in Southern California than he does at his modest ranch in Nebraska. Why do out-of-state property owners enjoy the benefits of California's Proposition 13?

There should be a law that if you own property in California and do not pay California state taxes, then your property should be adjusted annually for value, and you then must pay the new property tax. If you want to become a California resident and pay state taxes on all your earnings, then you can continue to enjoy the Proposition 13 advantages. If this went to a vote, it would surely pass, because only California residents could vote for it.

BRUCE STEPHENS

Sonoma

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