Free Republic
Browse · Search
General/Chat
Topics · Post Article

To: olesigh

Is that the tax rate for a single taxing entity or does it include all property taxes, i.e. city, county, school, utility district, etc.? When you get your statement at the end of the year for Federal Income tax filing, what percentage of the property value is that number. I can’t believe it is 1% or California would not have been in the group of states crying like a baby when the Trump tax cuts limited the deduction for property taxes and mortgage interest.


71 posted on 01/17/2020 9:31:31 AM PST by CMAC51
[ Post Reply | Private Reply | To 56 | View Replies ]


To: CMAC51

It’s all property taxes.

Some cities or counties can impose a special district, like water project funding. Or if they are building a park etc. That can be permanent or temporary. But it’s not typical. In older established cities (most of them) parks, water and such are already settled.

Cal has a high sales tax around 8.25 and the cities can piggyback on that and add some. 8.5 not unusual. Most taxes in Cal are high. Gas and income tax off the hook. But not property taxes.


72 posted on 01/17/2020 9:36:34 AM PST by olesigh
[ Post Reply | Private Reply | To 71 | View Replies ]

Free Republic
Browse · Search
General/Chat
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson