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The think tank Institute on Taxation and Economic Policy (ITEP) considers property tax caps like Proposition 13 poorly targeted and instead advocates "circuit breaker" caps or homestead exemptions to levy property taxes based on ability to pay; [36] yet in 2018, ITEP ranked California's tax code as the most progressive in the United States, [37 ...
The Community Climate Action grant program is funded with a quarter-cent property tax rate. The goal is to help reduce greenhouse gas emissions by 26% by 2025 and transition the county to a 100% ...
Orange County’s tax roll has more than doubled over the past decade but so has county government’s budget, which is estimated to be nearly $6.8 billion in fiscal year 2023-24, which starts Oct. 1.
Beginning in 1987, University Hills residents became involved with a dispute with the Orange County tax assessor over their property taxes; the residents claimed that, since the land they lived on was owned by and part of a tax-exempt educational institution, they should only be assessed on the value of the buildings and not on the total value ...
All residential properties for homeowners and renters were exempt and other special circumstantial exemptions were provided under the proposition, such as an exemption for rental units or properties with a higher value in which the owner does not in the property (in this case, the tax would have been based on the market value of the property ...
7 – Passed – Taxation of Restricted Historic Property. 8 – Passed – Deposit of Public Money In Savings and Loan Associations. 9 – Passed – Bingo. 10 – Failed – Bonds To Refund State Indebtedness. 11 – Passed – Motor Vehicle Taxes--Local Surplus Property. 12 – Failed – Interest Rate. 13 – Passed – Property Tax ...