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In reply to the discussion: KRUGMAN: "California" [View all]Gormy Cuss
(30,884 posts)47. And the property tax burden has shifted even more over time to owner occupied residences
Has the Distribution of the Property Tax Base Changed Over Time?
There is little statewide information regarding the composition of Californias property tax base over time. Based on the available information, however, it appears that homeowners may be paying a larger percentage of total property taxes today than they did decades ago. (snip)We note, for example, that the assessed value of owneroccupied homes has increased from a low of 32 percent of statewide assessed valuation in 198687 to a high of 39 percent in 200506. (The share was 36 percent in 201112.) It also appears likely that owners of commercial property are paying a smaller percentage of property taxes than they did decades ago. For example, Los Angeles County reports that the share of total assessed value represented by commercial property in the county declined from 40 percent in 1985 to 30 percent in 2012. In addition, the assessed value of commercial property in Santa Clara County has declined (as a share of the county total) from 29 percent to 24 percent since 199900.
There is little statewide information regarding the composition of Californias property tax base over time. Based on the available information, however, it appears that homeowners may be paying a larger percentage of total property taxes today than they did decades ago. (snip)We note, for example, that the assessed value of owneroccupied homes has increased from a low of 32 percent of statewide assessed valuation in 198687 to a high of 39 percent in 200506. (The share was 36 percent in 201112.) It also appears likely that owners of commercial property are paying a smaller percentage of property taxes than they did decades ago. For example, Los Angeles County reports that the share of total assessed value represented by commercial property in the county declined from 40 percent in 1985 to 30 percent in 2012. In addition, the assessed value of commercial property in Santa Clara County has declined (as a share of the county total) from 29 percent to 24 percent since 199900.
http://www.lao.ca.gov/reports/2012/tax/property-tax-primer-112912.aspx
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They're so rare up here in Sonoma that you have to find one on scavenger hunts.
Comrade Grumpy
Apr 2013
#25
My son went to Humboldt State. It's like life would be if the hippies had won.
NBachers
Apr 2013
#89
The hyper-sensitivity displayed here might well be unique to this site.
Egalitarian Thug
Apr 2013
#79
Exactly. I don't get why people get so worked up over defending/pretending their area's deficiencies
Egalitarian Thug
Apr 2013
#95
LOL! "DLC sycophants?" Wrong end of the scale, try again. I represent the rabble rousing red menace.
Egalitarian Thug
Apr 2013
#94
Just passing through more times than I can count.. funny thing about it though..
nightscanner59
Apr 2013
#100
Please, all meant tongue in cheek. No real offense meant if misunderstood.
nightscanner59
Apr 2013
#102
Whoa... Le Taz, didn't see the direction the previous posts were going. It's all relative:
nightscanner59
Apr 2013
#103
There's a saying that sort of nails this as far as coast-to-coast trend-watching.
calimary
Apr 2013
#10
And the property tax burden has shifted even more over time to owner occupied residences
Gormy Cuss
Apr 2013
#47
That was the whole point of prop 13, and it was pointed out over and over again.
Egalitarian Thug
Apr 2013
#81
I wouldn't mistake one, but then I've seen the real thing near the Canadian border, but
Cleita
Apr 2013
#43
Here's a link to a story about "Monarch", the Grizzly Bear on the CA state flag.
cherokeeprogressive
Apr 2013
#80
However, if we don't change the supermajority rules in our Assembly, the minority could rule
Cleita
Apr 2013
#19
Reading that, I suddenly realized something. Right-wingers in the middle of the country think
Marr
Apr 2013
#75
Yes. Crazy stuff comes out of right-wing minds. If California kept 10% of what it sends out
bluestate10
Apr 2013
#78
I'll be lucky to afford Tecopa Hot Springs on the way out this time. Ironic:
nightscanner59
Apr 2013
#105