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Stocks A to Z / Stocks B / Berkshire Hathaway (BRK.A)
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Author: Mark   😊 😞
Number: of 15056 
Subject: Re: Jeremy Siegel's best chart
Date: 05/01/2025 9:49 AM
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In CA, with prop 13, the property tax on a recently sold $4.1M house is about $50K/year.


Yes! But the house in question was purchased 15 years ago for $500k. Since CA only allows tax assessment to go up by 2% a year, it would still have a very low tax payment. That's why I mentioned prop 13.
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