The letter about "Unfair Assessments" from Ray Ackerman (April 21), who claims that in order for property taxes to be fair "each and every homeowner should pay . . . in accordance with the current value of the property," shows that the writer just doesn't get it. What does he want? To buy a house and then see taxes go up every year based on reassessment?
"Fairness" is not necessarily equal to "sameness." One of the reasons for Proposition 13 was the ever-increasing escalation of property assessments, throwing off the financial planning of those on fixed incomes who thought they were protected by the solid value of a fixed asset, but who were at the mercy of market forces beyond their control. Despite owning their own homes, many people did not have enough cash flow to cover increases in their wealth that existed only on paper.
There are many ways in which fairness does not equal sameness. Two homeowners living in identical houses next door to each other may have different interest rates and different monthly payments, just because of when they bought and how they financed. One may pay a high payment, and the other none at all.
The real fairness is in establishing predictability and stability at the time an agreement is made, based on conditions that are known and agreed to at that time. It is equality of opportunity, not of results. In the case of property assessments, the only objective criterion is the last sale price.