Property Tax

Assessors Continue to Report Growth in Taxable Value of Property

County assessors this month continued to report growth in the value of taxable property in their areas, which will translate to more property tax revenue for schools and local government. The Los Angeles County roll grew 3.7 percent, Assessor Jeffrey Prang reported July 15, marking the 11th consecutive year of growth in taxable values in the massive county. The 2021 roll grew $62.9 billion over the prior year to reach $1.76 trillion in total net value. Changes in property ownership…

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County Assessment Rolls Growing, Providing More Tax Revenue for Local Government

It is the time of year when California’s 58 county assessors complete their assessment rolls and announce the total value of property subject to property tax – and Santa Clara County Assessor Larry Stone and Yolo County Assessor Jesse Salinas were first out of the box with announcements that their counties’ assessment rolls increased 4.6 percent and 4.45 percent this year, respectively, despite the pandemic. Santa Clara County’s assessment roll, which reports the total net assessed value of all real…

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Voters Continue to Overwhelmingly Support Proposition 13, Poll Finds

California voters continue to overwhelmingly support Proposition 13, the 1978 property tax limitation initiative, and would approve it by a wide margin if it were on the ballot again today, according to a poll released November 20 by Mark DiCamillo, director of the University of California at Berkeley Institute of Governmental Studies. The poll was taken in late October, before Californians voted to reject Proposition 15, the split-roll initiative on the November ballot that would have repealed Proposition 13 protections…

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Property Tax Revenue Increases in Contra Costa County, as Assessed Values Hit Record High

Contra Costa County will benefit from an increase in property tax dollars, as the assessed value of taxable property increased almost 5 percent from last year to this year, Assessor Gus Kramer announced August 7. “The increase to the local tax base for 2020-21 is nearly $10.5 billion,” Kramer wrote in a letter to the county Board of Supervisors. “This represents a 4.87 percent increase in assessed value and brings the total net local assessment roll to over $225.7 billion.…

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Property Tax

Property Tax Revenue Increasing Statewide, Assessment Roll Data Indicates

It is likely that local governments throughout the state will enjoy increases in their property tax revenue, based on assessment roll data released in recent days by assessors in several counties. As of late July 9, assessors in 11 counties had reported their 2020 assessment rolls, and all noted significant increases from last year in the value of taxable property within their counties: Fresno (up 5.5 percent); Kern (2.82 percent); Marin (4.5 percent); Orange (4.72 percent); San Mateo (7.02 percent);…

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