HJTA Radio Show & Weekly Podcast
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California Commentary by HJTA President

How transfer taxes steal your home equity
March 31, 2025
As a homeowner, you dutifully pay your property taxes every year, no matter how painful. Notwithstanding Proposition 13’s tax limitations, California is not a low property tax state. According to the Tax Foundation, we rank 18th out of 50 states in per capita property tax collections. But it could be worse. Much worse. Without Prop. 13, most homeowners would see their property taxed at least double or, in some cases, by a factor of five or six. (For those curious about how much they would pay without Prop. 13, try out HJTA’s calculator at GuessingGame.org.) Prop. 13 works by limiting...