Home RSS
Real Estate
Cars

California Property Tax Rolls Shrink 1.8% in `Historic' Slump

Christopher Palmeri Bloomberg News
California Property Tax Rolls Shrink 1.8% in `Historic' Slump - California - United States - property tax


California property values fell 1.8 percent for the current fiscal year, only the second drop since the most-populous U.S. state began collecting the data in 1933.



Declines in 48 of the state’s 58 counties brought the total value to $4.37 trillion, according to theCalifornia Board of Equalization, which monitors tax collections. The previous drop was a year earlier, when the total sank 2.4 percent to $4.45 trillion, the California Assessors’ Associationsaid.

“This is historic,” Larry Stone, the assessor for Silicon Valley’s Santa Clara County, said yesterday in a telephone interview. “This is not your normal downturn.”


Source



Add your comment
  Anonymous comment
Nickname:
Password:
  Remember me on this computer

Title:
Send me by email any answer to my comment
Send me by email every new comment to this article





 
_________________________________________________________________________
 
Disclaimer: The information presented and opinions expressed herein are those of the authors and do not necessarily represent the views of Estates Report and/or its partners.