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"Property tax proposal would give older folks incentive to move" - ABC30.com

"Under California's Proposition 13, property tax increases are limited, so over time, a home could be worth a lot more than the value it is taxed on. The taxed value doesn't reflect the current value until the home is sold. Fresno Realtor Don Scordino believe that tax rule has kept some people 55 and older from selling and buying another home..."

 

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