Were Local School Bond Measures Impacted By Recent Federal Tax Changes? [EconTax Blog]

Nov 30, 2018 - This means that taxpayers who pay more than $10,000 in state and local taxes now face a higher cost for any increases in their state income taxes and local property taxes. This could discourage people from ta king actions that would increase their state income taxes or local property taxes.
https://lao.ca.gov/LAOEconTax/Article/Detail/330

Excess ERAF: A Review of the Calculations Affecting School Funding

Mar 6, 2020 - We recently found that some counties are calculating excess ERAF in ways that seem contrary to state law and shift too much property tax revenue from schools to other agencies. We have three specific concerns related to the calculation of excess ERAF that together affect more than $ 350  m illion in annual property tax revenue.
https://lao.ca.gov/Publications/Report/4193

Community Land Trust Property Tax Exemption

Dec 20, 2024 - These results are somewhat limited, as some counties responded in some years and not others and other counties did not respond at all. That being said, the data do not point to any clear trend, either in the number of community land trust properties or the number of such properties claiming a property tax exemption.
https://lao.ca.gov/Publications/Report/4946

The 2026-27 Budget: State Mandate—Disclosure Requirements and Deferral of Property Taxation

Feb 19, 2026 - Additionally, Chapter  712 required Los Angeles County to print a disclosure on tax bills that provides a “brief summary ” of both the property tax relief under Proposition  19 and Chapter  712 ’s property tax deferment provisions.
https://lao.ca.gov/Publications/Report/5130

January 2025 Los Angeles Wildfires Impact on Local Property Tax Revenues [EconTax Blog]

Feb 10, 2025 - Assessed value is the basis of a property owner ’s tax bill and is set based on the original purchase price, meaning it typically is lower than the property ’s current market value. When properties sustain at least $10,000 in damage, county assessors estimate a percentage reduction in market value based on the extent of the damage.
https://lao.ca.gov/LAOEconTax/Article/Detail/819

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - Property taxes are a major revenue source for local governments, raisin g about $100  billion annually statewide. How Is a Property Tax Bill Calculated? Each annual property tax bill is equal to the taxable value of the property multiplied by the property tax rate.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035

The 2024-25 Budget: Property Tax Postponement Program [EconTax Blog]

Feb 29, 2024 - First, all loan repayments go through the newly established the Senior Citizens and Disabled Citizens Property Tax Postponement Fund (PTP Fund) and the money is used to make annual property payments to counties and support program administrative costs.
https://lao.ca.gov/LAOEconTax/Article/Detail/800

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

Mar 27, 2017 - As we discuss in detail in the box below, this can make straightforward approaches —such as calculating the increase in taxable property values arising from work completed by newly hired staff —problematic .
https://lao.ca.gov/Publications/Report/3632

Fiscal Outlook: Property Tax Estimates Exceed Budget Expectations [EconTax Blog]

Nov 14, 2018 - When new buildings are constructed on a property, the county assessor adds the value of these building to the property ’s assessed value. New construction, therefore, increases assessed values. Property Sales.
https://lao.ca.gov/LAOEconTax/Article/Detail/320

Property Assessment Rules for Businesses [EconTax Blog]

Sep 6, 2016 - County assessors determine the assessed value of property, which reflects the “full cash value ” when there is a change in ownership. Once the county assessor sets the assessed value of a property, that value cannot grow by more than 2 percent per year unless there is a “change in ownership. ” At that time, the county assessor reassesses the property.
https://lao.ca.gov/LAOEconTax/Article/Detail/202