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note: the beauty/flaw of Prop 13 is that two identical houses can have wildly varying taxes based on when they sold. If I bought my house in 1980 for $200K, my taxes are prob $3000 per year while if my neighbor just bought an identical house for $800K, he'll pay the $8K+...this is why we are in such financial pain here in CA - RE taxes aren't logical and honestly too low.
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