Why is it that one of the primary factors determining property tax revenues for California local governments is how much that government received in the mid-1970s?
This post, the fourth in our property tax series, discusses the primary factors affecting a city government's proportion of the total property taxes collected within its boundaries.
We examine the revenue from California's 1 percent property tax that is available for a subset of local governments.
We discuss the distribution of property taxes to the various types of California local governments.
Our Fiscal Outlook assumes continued growth in assessed values.
With the upcoming end of the "triple flip," a complex, decade-old mechanism affecting state and local finances in California, we have received several inquiries seeking a basic understanding of what the triple flip is and how its end will work exactly. This note addresses those issues.
The property tax is the largest source of local tax revenue for all local governments combined.
In February 2012, over 400 redevelopment agencies were dissolved, and the process of unwinding their financial affairs began.