The property I’m currently renting has an assessed value of $248k. A nearby comp... | Hacker News

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		lazide on Oct 28, 2021 \| parent \| context \| favorite \| on: Tim Sweeney: Tax bill would likely end founder con... The property I’m currently renting has an assessed value of $248k. A nearby comparable house just sold for $2m. It’s not unusual around here for that to be the case.

professoretc on Oct 29, 2021 [–]

That means that your landlord would have to spend $2M on improvements alone in order for their tax bill to 10x.

lazide on Oct 29, 2021 | [–]

Looks like you’re right! Ref for those curious [https://leginfo.legislature.ca.gov/faces/codes_displayText.x....]

Thanks

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