Rental Housing, Prop 13, and School Funding
Original post made by Prop 13 Victim on Jun 28, 2006
For example, a recent advertisement lists a 4 bedroom rental in Palo Alto at 833 La Para (Web Link) for $5500/mo. This property generates $900/year in property taxes (Web Link), yet burdens the fixed pie of the school system with at least 3 extra kids. Multiply this problem several hundred times and you should understand my concern.
I see a problem that dwarfs all of the red herrings raised by the anti-parcel tax crowd, e.g., false residency. Prop 13 may keep a few seniors from eating dog food (or moving to Arizona--far worse), but it seems to have evolved into a particularly nasty form of parasitism benefiting landlords in basic aid school districts. Is a legislative fix possible? Of course, Palo Alto could always stop being a basic aid district. Is that the sound of falling housing prices I hear? Lookout below!
If you were a member and logged in you could track comments from this story.
Most Seniors do not Need Senior Housing But Could Benefit from other Choice to Remain in Palo Alto
By Steve Levy | 52 comments | 2,245 views