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The Property Tax Inheritance Exclusion


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How Will Aging Baby Boomers Affect Future Property Tax Revenues?

June 20, 2017 - In the coming years, more and more aging homeowners likely will look to sell their homes. This surge in sales should boost local government property tax collections. These potential property tax gains are likely to be offset by an increase in the transfer of homes from parents to children which, unlike most home sales, does not trigger higher tax payments.

Report

Understanding California’s Property Taxes

November 29, 2012 - Property taxes and charges are a major source of revenue for thousands of local governments in California, generating more than $55 billion in revenue in 2010-11. At the same time, many elements of California's property tax system are complex and not well understood. The purpose of this report is to serve as an introductory reference to this key funding source. In the report, we answer some common questions about the state's property taxes, such as: what taxes and charges are on the property tax bill, what properties make up California's tax base, which local local governments receive property tax revenue, and how does the property tax affect the state budget. We also identify some policy concerns related to how property tax revenue is distributed among local governments and evaluate the property tax system relative to common tax policy criteria.

Hearing Handout

[PDF] Housing-Related Tax Expenditure Programs

March 18, 2013 - Presented to Assembly Revenue and Taxation, and Housing and Community Development Committees

Report

Common Claims About Proposition 13

September 19, 2016 -

Proposition 13 was a landmark decision by California’s voters in June 1978 to limit property taxes. Today, there are many questions about the impacts of these changes. This report examines some of these questions and which of them can be answered by the data available.

Also see the companion videos for this report.

Report

[PDF] Evaluation of the Property Tax Postponement Program

October 8, 2018 - Housing is very expensive in California—in early 2018, the typical California home cost $481,000, roughly double the price of the typical home in the United States. The state offers the Property Tax Postponement (PTP) Program to help certain homeowners afford their property taxes and stay in their homes. This report evaluates the advantages and shortcomings of the PTP and offers policy alternatives for legislative consideration.

Hearing Handout

[PDF] Taxing Commercial Property

April 5, 2013 - Presented to Assembly Revenue and Taxation Committee