The owner of a house sold for $25 million in the Bay Area was 96 years old and paid $10,000 a year in property tax due to Proposition 13.
Posted by Breaking Points with Krystal and Saagar, Checked
- Sources
- 4 support8 context
- Said
- 1 time·
- Confidence
- 20%
Breaking Points with Krystal and SaagarOct 27, 2026
No source reports the sale of a $25 million Bay Area house, its 96-year-old owner, or the $10,000 annual tax bill, so the specific figures and the causal link cannot be checked.
What was said
… That's how poor you are if you live in San Francisco. A house that was recently listed for $10.8 million sold for $25 million in the Bay Area, $15 million over asking. By the way, the owner of that house was 96 years old and was only paying $10,000 a year of property tax because of Proposition 13, and the new owner will be paying $300,000, just to show you a little bit of the distortionary effect there. But in terms of our politics, first of all, San Francisco housing market is dead. …
Breaking Points with Krystal and Saagar · · from the transcriptPost →What we found
Supports. Proposition 13 limits reassessment to changes in ownership and caps annual assessed-value growth at 2%, so long-time owners often pay much less than new buyers. This matches the general mechanism the claim invokes.[4][5][6][9]
Context. No source covers the specific house sale, its price, or the owner's age, so the central facts of the claim go ungraded.[1][2][3][4][5][6][7][8][9][10][11][12]
Context. The claim's specifics ($25 million sale, $15 million over asking, age 96, $10,000 tax, $300,000 for the new owner) appear only in the claimant's own passage, which cannot corroborate them. The Snopes item concerns an unrelated claim about Trump and senior property taxes.[1]
Sources
12 sources: 3 fact-checkers, 5 primary, 4 not rated
- 1Did Trump propose eliminating property taxes for some seniors?snopes.com · fact-checker · cited for: context
- 2Condemned Northern California house sells for $1.23 millionapnews.com · fact-checker · cited for: context
- 3Home “sales tax” e-mail surfaces againpolitifact.com · fact-checker · cited for: context
- 4Proposition 13arc.sbcounty.gov · primary source · cited for: supports, context
- 5A Reexamination of Proposition 13 Using Parcel Level Datayoungamericans.berkeley.edu · primary source · cited for: supports, context
- 6Common Claims About Proposition 13lao.ca.gov · primary source · cited for: supports, context
- 7Change in Ownership - Frequently Asked Questionsboe.ca.gov · primary source · cited for: context
- 8Proposition 19 - SF.govsf.gov · primary source · cited for: context
- 9California Propositions 13 & 19: Property tax rules explainedempower.com · not rated · cited for: supports, context
- 10No, Californians aren’t being asked to 'eliminate Prop. 13’api.politifact.com · not rated · cited for: context
- 11[PDF] San Francisco Property Information Map - FactCheck.orgcdn.factcheck.org · not rated · cited for: context
- 12Frequently Asked Questions - Alameda County Assessoracassessor.org · not rated · cited for: context
Where this claim was made
Said in 1 published post
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