Comments on: CA property tax revenue surges despite Prop. 13

By: Dude

Dude — Mon, 18 Jul 2016 22:04:24 +0000

How about leaving Prop 13 alone? The Dims will say, “But who pay for our illegal aliens???”

By: Richard Rider

Richard Rider — Mon, 18 Jul 2016 15:24:50 +0000

NOTE: The following facts are BEFORE the latest property tax revenue updates (6/16) cited above. I’ll be doing updates shortly.

According to San Diego County, in 1977 – the year BEFORE Prop 13 took effect (when everything was working great, according to Prop 13 critics) – our countywide property tax revenue was about $639 million. In the 2014-2015 fiscal year, our county reports property tax revenues of $5.368 BILLION. Hence for every property tax dollar collected in 1977, the county in 2014-15 collected $8.41. And BTW, according to the County Assessor, since Prop 13 passed, 97% of the pre-Prop 13 county owner-occupied homes have changed hands (and been reassessed) at least once.

During that time frame, our county population has grown about 92.6%, and inflation has gone up about 266%. Hence property tax revenues today are higher than the bloated PRE-Prop 13 year, even after adjusting for inflation and population growth.

By: Richard Rider

Richard Rider — Mon, 18 Jul 2016 15:18:51 +0000

NOTE: The following facts are BEFORE the latest property tax revenue updates (6/16) cited above. I’ll be doing updates shortly.

California in 2015 ranked 14th highest in per capita property taxes (including commercial) – the only major tax where we are not in the worst ten states. But the 2014 average CA single-family residence (SFR) property tax is the 8th highest state in the nation. Indeed, the median CA homeowner property tax bill is 93% higher than the average for the other 49 states.
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