The Property Tax Inheritance Exclusion

Oct 9, 2017 - Local governments in California —cities , counties, schools, and special districts —levy property taxes on property owners based on the value of their property. Property taxes are a major revenue source for local governments, raising nearly $60  billion annually.
https://lao.ca.gov/Publications/Report/3706

Volatility of California’s Personal Income Tax Structure

Sep 28, 2017 - Income Dynamics Differ Above, Below $150,000 a Year. The year ‑to ‑year volatility in people ’s incomes depends where they are on the income spectrum. For instance, for those earning above $150,000 (roughly the top 10  percent of filers in 2014), their aggregate incomes over the past 25  years had an AD of 14.2.
https://lao.ca.gov/Publications/Report/3703

Volatility of California’s Personal Income Tax Structure [Publication Details]

Sep 28, 2017 - Volatility of California’s Personal Income Tax Structure [Publication Details] Volatility of California’s Personal Income Tax Structure Format: HTML Description: For many years, personal income tax (PIT) volatility has complicated budgetary planning.
https://lao.ca.gov/Publications/Detail/3703

How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - The typical 25 to 35 year old homeowner has been in their home for about four and a half years. In contrast, the typical homeowner over 65 has been in their home for over 20 years. A consequence of this is that the aging of California ’s homeowners will not just increase turnover, it will increase turnover of homes that have not changed hands in many years.
https://lao.ca.gov/Publications/Report/3693

How Will Aging Baby Boomers Affect Future Property Tax Revenues? [Publication Details]

Jun 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.
https://lao.ca.gov/Publications/Detail/3693

The 2017-18 Budget: Evaluating the State-County Assessors' Partnership Agreement Program

Mar 27, 2017 - These options range from the state paying for schools ’ share of costs on their behalf to requiring schools to pay for their share of costs out of their general purpose funds. Technical Appendix Goal.
https://lao.ca.gov/Publications/Report/3632

The 2017-18 Budget: Evaluating the State-County Assessors' Partnership Agreement Program [Publication Details]

Mar 27, 2017 - In this report, we look at data from the first two years of SCAPAP and attempt to gauge the program’s effect on property tax revenues. Our analysis suggests the effect of SCAPAP on property taxes has been modest.
https://lao.ca.gov/Publications/Detail/3632

Do Communities Adequately Plan for Housing?

Mar 8, 2017 - For example, a community whose rents are 25 percent above the statewide average and whose current total RHNA goal is 1,000 could instead be assigned a goal of 1,250. Increase Local Fiscal Incentives to Build Housing.
https://lao.ca.gov/Publications/Report/3605

The 2017-18 Budget: The Board of Equalization

Mar 7, 2017 - Year-by-year budgeting is a standard practice to help the Legislature conduct meaningful oversight over major IT projects. To implement this recommendation, the Legislature would need to reject the provisional language allowing the administration to spread vendor payments across multiple fiscal years (Provisions 5 and 6 under BOE ’s General Fund appropriation in the budget bill).
https://lao.ca.gov/Publications/Report/3609

The 2017-18 Budget: Governor's Gann Limit Proposal

Mar 2, 2017 - Multiply Current Year ’s SAL by SAL Growth Factor. The current year ’s SAL is the starting point for determining the upcoming year ’s SAL. The current year ’s SAL is multiplied by the “SAL growth factor, ” an annual measure of inflation and population growth.
https://lao.ca.gov/Publications/Report/3596