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For homeowners, good news in a slight tax increase

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Last year, for the first time Proposition 13 was passed in 1978, property taxes went down in California -- but only because the economy was so lousy in 2009 that the inflation factor went down.

This year, as the California Taxpayers Association reports in its current newsletter, the inflation factor in 2010 went up by a slim 0.753 percent. It is just the seventh time in 32 years that the factor has been lower than the maximum 2 percent per year inflation adjustment allowed by Proposition 13.

According to CalTax, the inflation factor means that property taxes will rise this year by about $16 on a home with a base value of $200,000.

The good news is that it means the economy appears to have bottomed out.

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3 Comments

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Over the last 25 presidential elections, Ventura County voters have backed the winner 24 times, or over 95 percent of the time. It is one of only a handful of counties in the nation that has been such a predictable bellwether.
about Timm Herdt
Timm Herdt
The Ventura County Star's Sacramento Bureau Chief Timm Herdt on state issues and politics from Sacramento to Ventura County. He can be contacted at therdt@vcstar.com
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