LAO May Outlook Estimates of Proposition 98 Guarantee [EdBudget]

May 27, 2025 - LAO May Outlook Estimates of Proposition 98 Guarantee [EdBudget]   a Excludes nontax revenues and transfers, which do not affect the calculation of the guarantee. b The change in attendance for calculating the guarantee is deemed to be zero in these years.
https://lao.ca.gov/Education/EdBudget/Details/966

^[PDF] Tax Fairness for Homeowners Act of 2005

Except for this inflation adjustment, the assessed value of real property changes only when the property is sold or transferred. As a result of the acquisition-based system for real property, properties that change hands less frequently will generally have lower assessed value and have lower taxes than properties that change ownership more frequently.
https://lao.ca.gov/ballot/2005/050089.pdf

The 2025-26 Budget: State Mandate—Santa Ana Regional Water Quality Control Board

May 5, 2025 - City of Salinas ) —which found that the city did not have sufficient fee authority to levy a stormwater fee due to the voter approval requirement —was wrongly decided. Senate Bill  231, which took effect in 2018, makes increasing stormwater-related fees more straightforward for local governments because they can use the majority protest provision rather than having to seek voter approval.
https://lao.ca.gov/Publications/Report/5039

Proposition 19 [Ballot]

Nov 3, 2020 - When a property changes ownership again, its taxable value is reset to its new purchase price. Property Taxes Increase When a Property Changes Ownership.   The taxable value of most properties is less than what they could be sold for.
https://lao.ca.gov/BallotAnalysis/Proposition?number=19&year=2020

California's Transportation System

Jun 7, 2018 - For the purposes of this primer, mass transportation includes what are commonly referred to as “transit ” services (such as city buses, subways, and ferries) as well as intercity rail and commercial aviation.
https://lao.ca.gov/Publications/Report/3860

^[PDF] California's Tax System: A Primer

The economic factors underlying this change are not known, but could include different rates of investment in homes versus other properties and different property ownership transfer rates. Other Local Taxes Utility Users’ Tax.
https://lao.ca.gov/2007/tax_primer/tax_primer_040907.pdf

Housing affordability and property taxes. [Ballot]

Nov 12, 2021 - When a property changes ownership again, its taxable value typically is reset to its new —usually higher —purchase price. Homeowners ’ Exemption Reduces Taxable Value of Primary Homes.   A state law, known as the homeowners ’ exemption, reduces the taxable value of primary homes by $7,000.
https://lao.ca.gov/BallotAnalysis/Initiative/2021-023

2002-03 Budget Analysis: General Government, Tax Relief (9100)

The VLF is an annua l fee on the ownership of a registered vehicle in California, levied in place of taxing vehicles as personal property. The revenues are distributed to cities and counties. Since 19 98, the Legislature has reduced the VLF by 67.5  percent.
https://lao.ca.gov/analysis_2002/general_govt/gen_24_9100_anl02.htm

^[PDF] California's Property Tax

Because only a fraction of properties change ownership each year, only a small number of properties are reset to market value each year. The assessed value of other properties increase by up to 2 percent.
https://lao.ca.gov/handouts/state_admin/2012/CA_Property_Tax_4_11_12.pdf

The 2024-25 California Spending Plan: Other Provisions

Oct 2, 2024 - To address the budget problem, the budget also makes several other funding changes: Postpones Infrastructure Funding for the City of Fresno. Last year ’s budget allocated $250  million for public infrastructure investments in the City of Fresno.
https://lao.ca.gov/Publications/Report/4934/governors-office-of-emergency-services