Re:California sales taxes collection drop 50.9%, income taxe...
by anamax on Saturday May 09, 2009 @01:34AM
(#600747)
Like many/most CA homeowners, my CA property tax is going up this year even though the value is going down.
How? I've owned for a while, so the post-crash zillow-value is more than value-for-tax-purposes because Prop 13 limits the year-to-year increase in the latter.
I can't find the report now, but the Merc reported that Santa Clara county's property tax revenues would drop 2%. Counties with a lot of recent construction were seeing 10% drops.
How? I've owned for a while, so the post-crash zillow-value is more than value-for-tax-purposes because Prop 13 limits the year-to-year increase in the latter.
I can't find the report now, but the Merc reported that Santa Clara county's property tax revenues would drop 2%. Counties with a lot of recent construction were seeing 10% drops.