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Has anyone done a comparison of how much California collects per capita in tax revenue from property tax versus other states like New York and Texas? For examp
by jboydyhacker 2y ago
Has anyone done a comparison of how much California collects per capita in tax revenue from property tax versus other states like New York and Texas?
For example, in NY they used assessed value which is an often a small fraction of actual value- sometimes around 10%. In Texas, assessed value is often frozen/ lagged from market values as real estate transactions are not reported to the tax bureau.
- bombcar 2y agoI actually just did that: https://news.ycombinator.com/item?id=39868106 https://news.ycombinator.com/item?id=39868106 Answer - Texas and Illinois are higher per capita, but Texas has no income tax. Might be hard to directly compare. You can compare dollars per student, however. According to https://worldpopulationreview.com/state-rankings/per-pupil-spending-by-state https://worldpopulationreview.com/state-rankings/per-pupil-s... CA: $13,642 TX: $9,871 NY: $24,881 By this, CA and NY should have the best schools, and Texas's should be absolute ass.
- jboydyhacker 2y agoGreat stuff. Yeah it's as I suspected CA collects more from property tax per capita than TX, NY more than both. CA and NY both have very high income taxes that augment schools so it's not likely lack of money that is causing poor outcomes.
- paleotrope 2y agoI mean that says everything doesn't it. CA still spends more than everyone else, regardless of Prop 13. Hardly deprived students.