I don't know if the discussion is still active at City Hall regarding mandatory earthquake retrofits on what are deemed "soft story" buildings.
Most homes in the city are of a two story variety with the lower story being a one or two car garage. The upper story is however many bedrooms, bathrooms, kitchen, dining rooms, etc.
I recall reading about a year ago there was a movement to get owners of such buildings to install structural braces , plywood on open framed walls, etc.
My question is this: How would this impact my property taxes ? I'm currently assessed at the 1977 valuation of my home and fear I would lose such basis as any earthquake retrofit work would trigger a revaluation of my property to, possibly, current market levels.
I'm all for earthquake safety and don't mind the investment to such however what I do take issue with is what I think may be a veiled attempt to raise my property taxes which I can barely afford as it is.