Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - Reverse mortgages are a type of home equity loan that are available only to seniors. The most common type of reverse mortgage is the Home Equity Conversion Mortgage (HECM), described in the nearby box.
https://lao.ca.gov/Publications/Report/3885

How Will Aging Baby Boomers Affect Future Property Tax Revenues?

Jun 20, 2017 - Examining Different Types of Communities. Figure  5 demonstrates how these factors drive future property tax growth potential and its variation across communities. The vertical axis plots the share of homeowners in each community who are over 65 years old, increasing from bottom to top.
https://lao.ca.gov/Publications/Report/3693

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

Feb 19, 2026 - However, Proposition  19 (2020) allows certain homeowners (such as people who are 55 years or older) to transfer their existing home value for property tax purposes to a new home anywhere in the state.
https://lao.ca.gov/Publications/Report/5130

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

Mar 27, 2017 - (The property tax roll for a given year is largely determined by county assessor work done in the preceding year.) Data on taxable property values by city comes from the Board of Equalization. Our data on home prices and home sales comes from the real estate site Zillow.
https://lao.ca.gov/Publications/Report/3632

The 2019-20 Budget: Tax Conformity

Mar 6, 2019 - Tax filers may defer paying PIT and CT on capital gains from sales of certain types of property if they purchase a similar type of property within 180 days. The 2017 federal changes restricted these “like ‑kind exchanges ” rules to apply only to real estate.
https://lao.ca.gov/Publications/Report/3959

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - We estimate that three-quarters of home health and personal care aides work as providers in the state ’s In-Home Supportive Services (IHSS) program. IHSS provides personal care and domestic services to low-income individuals to help them remain safely in their own homes and communities.
https://lao.ca.gov/Publications/Report/4878/1

Sales Tax Exemption for Bunker Fuel

Nov 19, 2025 - To estimate California deliveries of residual fuel oil (a major type of maritime fuel), we combine data from a couple of sources. As suggested by the California Department of Tax and Fee Administration, we use nationwide estimates of residual fuel oil consumption from the Energy Information Administration and assume that California ’s share of fuel consumption is proportional to its share of U.S. port tonnage.
https://lao.ca.gov/Publications/Report/5094

The 2026-27 Budget: California Competes Extension

Mar 18, 2026 - Because the tax credit is nonrefundable, businesses without a significant California tax liability cannot benefit from the incentive it provides. Two types of businesses fall under this category. First, some firms lack tax liability in California due to ongoing and substantial use of other tax deductions and credits, most commonly the Research & Development Tax Credit and the Net Operating Loss deduction.
https://lao.ca.gov/Publications/Report/5162

The Property Tax Inheritance Exclusion

Oct 9, 2017 - They also apply to up to $1  million in aggregate value of all other types of inherited property, such as second homes or business properties. Consequences of the Inheritance Exclusion The decision to create an inherited property exclusion has been consequential.
https://lao.ca.gov/Publications/Report/3706

The 2018-19 Budget: California Hiring Tax Credits

Mar 15, 2018 - Interested employers may check to see whether they are locat ed in one of these designated areas using an online map. Excludes Some Types of Businesses. Some types of businesses may not claim the existing credit.
https://lao.ca.gov/Publications/Report/3784