Read the full story here Web Link posted Friday, October 21, 2022, 11:43 AM
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For East Palo Alto landlords, Measure L would increase taxes
Original post made on Oct 21, 2022
Read the full story here Web Link posted Friday, October 21, 2022, 11:43 AM
Comments (2)
Posted by Joseph E. Davis
a resident of Woodside: Emerald Hills
on Oct 21, 2022 at 12:43 pm
Joseph E. Davis is a registered user.
a resident of Woodside: Emerald Hills
on Oct 21, 2022 at 12:43 pm
Joseph E. Davis is a registered user.
"Taxes would likely not be passed on to other renters as landlords typically charge rents at the maximum rate the market will bear, the city noted in the ordinance text."
This is laughably ignorant. Of course the taxes will be passed on, at least in some proportion. If they would not be passed on, then why not make the tax 50%?
Posted by Brian
a resident of Menlo Park: The Willows
on Oct 23, 2022 at 10:41 pm
Brian is a registered user.
a resident of Menlo Park: The Willows
on Oct 23, 2022 at 10:41 pm
Brian is a registered user.
I agree, this will hurt renters more than landlords. I am sure Landlords will find a way to pass along any tax increases. The city wants more money, what's to stop landlords from doing the same?
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