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Prop 13: Winners and Losers From America's Legendary Taxpayer Revolt

Stashed in: Economics!, Awesome, California, Palo Alto, Homeless, California, Economics, @kimmaicutler, Bay Area Housing

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Ahhhh, Prop 13! One of the reasons my parents left California for Washington State back in the day. The problem with this analysis is that it says nothing about corporate real estate, which was the actual benefactor.

I went looking for how Prop 13 benefits corporations and found this:

I did not find a great write up on the internet about how much corporations benefit from prop 13, but it seems like they do. A lot. 

Palo Alto has the lowest effective property taxes in the state.