Dec 24, 2008

State Issue Property Tax Bond

On one hand, people's home price went down a lot. On the other hand, state (CA) government money for budget went down a lot.
People's investment(e.g. bonds) earning is taxed as income, who'd like to pay tax with their earnings for real property they keep.(02/01/09: I mean bond earning to pay the property tax before taxed, then value shifted from state to city.)
Real property, homes, are cheaper, therefore state government's income from property tax are lowered.
State issue bonds for property tax, interest could be set to a equilibrium point that home value and deficit match, not time.

(02/01/09: I am not an expert in finance, nor investments, please consult professionals for advices.)

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