Remember the good old days before Prop. 13 was voted in?
It was not the 1 percent we have today.
For example, San Francisco tax rate in 1976-1977 was 12.82 percent, according to the county basic tax rate affecting all property subject to local taxation. Source: State Controller.
But, exclusive of San FranciscoÂ—San Francisco not comparable to other counties. Includes city, county, school and district functions.
Do you know what it would do to the price of homes today if they brought back the good old days today?
Think about it.
John F. Furgo, Jr.