A tax question

I'm wondering what happens if I change homes and use portability, then  portability is struck down by the courts...what happens to mah taxes??? -- Bob V.

Dear Bob V: The answer to your question is: Who the heck knows! It depends on what kind of remedy the court ordered. It could simply strike portability from that point onward. It could strike portability and kill everybody's tax break. It could strike Save Our Homes entirely and kill everybody's tax break. It could order the government to PAY BACK everybody who got an unfair deal in the past, which would cost a bazillion dollars and probably require some kind of emergency assessment. Or any combination of these things, or something entirely different...

Comments

[Still cant afford to move!]

5-months and 3-weeks until the reality of the fraud that was Amendment 1, hits and hits hard.

[Ed Cohn]

I think the response to the question should have ended at the end of the first sentence. The remainder of the response is wild speculation. Calif. Prop 13, on whih SOH is based, has been challenged as far as th U.S. Supreme Court and had withstood all attacks. Other states have homestead exemption as well as Florida. There is ample precedence for differing taxation rates and method, eg., progressive taxes, flat (regressive)taxes, etc. As you said, "Who the the Heck knows?" But history bodes well for us.