LAO Videos
Understanding Your Property Tax Bill December 9, 2015
As a companion to LAO's California Economy and Taxes blog series on property tax, these animations 1) walk through the basic steps of calculating a property owner’s 1 percent tax and 2) summarize the major steps county auditors take to distribute this money.
Follow the property tax blog series here: http://www.lao.ca.gov/LAOEconTax?tagId=75
The 1 Percent Tax—Where Does Your Money Go? December 9, 2015
State law directs how your county auditor distributes revenue from the 1 percent tax to:
- Local Governments in Your County. This includes cities, the county, special districts, and schools and community college districts.
- Educational Revenue Augmentation Fund (ERAF). This is a countywide multi-purpose fund originally created to provide funding for schools
For many reasons, the system of distributing these revenues has become very complex. This animation summarizes the major steps county auditors take to distribute this money.