Comment Re: I moved away. I might move back. (Score 1) 158
The problem is that it applies to ALL PROPERTY, not just a personal residence or other personal real estate. Commercial real estate falls under the proposition too.
This has lead the state to cut deeply, and over time increase income taxes and sales taxes. Income and sales taxes are not as stable as property, and has lead to the inability to plan more than a year or two down the line, or forced the state to sell resort to bond measures to get things down.
SDLeary