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Prop 13 sets the assessed value of real estate at the original purchase price and then factors in any improvements and a small inflation factor. If one is a long time homeowner, then the property taxes appear lower; for newer home owners, they are quite high. Some argue that we should get rid of Prop 13 because it "discriminates" against more recent home purchasers; the impact of this would be to force many retired and fixed income people out of their homes due to an inability to afford the taxes.
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