Evaluation of the Property Tax Postponement Program

Oct 8, 2018 - Evaluation of the Property Tax Postponement Program Executive Summary California Has High Housing Costs, but Property Tax Payments Are Near the National Average. 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.
https://lao.ca.gov/Publications/Report/3885

Evaluation of the Property Tax Postponement Program [Publication Details]

Oct 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.
https://lao.ca.gov/Publications/Detail/3885

The Property Tax Inheritance Exclusion

Oct 9, 2017 - This limited inventory —a consequence of many factors including too little home building and an aging population —has driven up the price of housing in California and made the home buying experience more difficult for many.
https://lao.ca.gov/Publications/Report/3706

The Property Tax Inheritance Exclusion [Publication Details]

Oct 9, 2017 - When a property changes hands the taxes paid for the property often increase substantially. This is not true for most inherited property. Three decades ago, the Legislature and voters decided inherited property should not be reassessed when transferred. This has been a consequential decision. Many have benefited from the tax savings this policy affords.
https://lao.ca.gov/Publications/Detail/3706

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - We suspect that low-wage workers ’ high likelihood of living in three-earner (or more) households might be due largely to California ’s high housing costs. (We further examine housing affordability for minimum-wage workers in another post .)
https://lao.ca.gov/Publications/Report/4878/1

California’s Low-Wage Workers and Minimum Wage

Mar 11, 2024 - Finally, we described how we matched household types to apartment types for the analysis of housing costs. Strengths and Weaknesses of Data Sources Primary Data Source: Monthly Current Population Surveys (CPS).
https://lao.ca.gov/Publications/Report/4878/4

The 2023-24 Budget: Considering Inflation's Effects on State Programs

Nov 16, 2022 - In a higher inflationary environment, longer delays also can lead to higher housing development costs, further reducing housing production. In other examples, state departments have held positions open as a way of managing higher costs without additional spending authority.
https://lao.ca.gov/Publications/Report/4647

The 2019-20 Budget: Overview of the Governor's Budget

Jan 14, 2019 - The program provides loans to developers for housing developments that include housing for low ‑ to middle ‑income households. Additionally, the budget proposes expanding the state ’s housing tax credit program by $ 500  m illion.
https://lao.ca.gov/Publications/Report/3916

California's High Housing Costs: Causes and Consequences - Consequences of California's High Housing Costs [Video]

California's High Housing Costs: Causes and Consequences - Consequences of California's High Housing Costs [Video] Search LAO Videos California 's High Housing Costs: Causes and Consequences March 17, 2015 In this series of short videos, Senior Fiscal & Policy Analysts Chas Alamo and Brian Uhler discuss the many factors that have a role in
https://lao.ca.gov/Videos/Player?playlistId=20&videoId=139

California's High Housing Costs: Causes and Consequences - Why Doesn’t California Build Enough Housing? [Video]

California's High Housing Costs: Causes and Consequences - Why Doesn’t California Build Enough Housing? [Video] Search LAO Videos California 's High Housing Costs: Causes and Consequences March 17, 2015 In this series of short videos, Senior Fiscal & Policy Analysts Chas Alamo and Brian Uhler discuss the many factors that have a role in driving
https://lao.ca.gov/Videos/Player?playlistId=20&videoId=138