by The San Diego Union-Tribune Editorial Board

November 28, 2017

Proposition 13 — the 1978 initiative putting a limit on property tax rates and how much they can increase each year — has long been ripped by critics who say it has starved the state of needed funding. But one Proposition 13 upside is rarely acknowledged: The initiative keeps retirees from having to pay crushing taxes as the value of their homes soars during one of California’s periodic housing bubbles.

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