Wasi, Nada; White, Michelle J. - 2022
Proposition 13, adopted by California voters in 1978, mandates a property tax rate of one percent, requires that … next sale. In this paper, we examine how Prop 13 has affected the average tenure length of owners and renters in California … versus in other states. We find that from 1970 to 2000, the average tenure length of owners and renters in California …