Free Republic 2nd Qtr 2024 Fundraising Target: $81,000 Receipts & Pledges to-date: $25,627
31%  
Woo hoo!! And we're now over 31%!! Thank you all very much!! God bless.

Keyword: landtax

Brevity: Headers | « Text »
  • CA: Property taxes to increase despite falling home values

    03/16/2009 10:16:16 AM PDT · by NormsRevenge · 78 replies · 2,685+ views
    San Diego Union - Tribune ^ | 3/16/09 | Roger Showley
    With home values in free fall in many places, it might follow logically that property taxes would go down as well. Not so in San Diego County. The county assessor's office predicts that property taxes will increase this year for 75 percent of homes and other properties. That would produce a projected $91 million in additional revenue to the county, cities, school districts and other jurisdictions. “We don't have a choice,” said Jeff Olson, chief of county property assessment services. The mandate comes from Proposition 13, the 1978 tax-limitation measure, and subsequent regulations. The state initiative, passed when skyrocketing inflation...