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Wisconsin Property Taxes Article
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California Property Taxes – What You Need to Know
from:California property taxes, like those in many other states, do not fund the budget of the state of California. Rather, California property taxes are assessed at the local government levels, and all the money collected is used for funding local governments. Fifty three percent of the money collected in California property taxes is used to fund schools. Another eighteen percent is used for county governments, eleven percent goes to city governments and the rest funds special districts.
California property taxes are some of the lowest in the country, ranging from 3.61% per $1000 in assessed value to 6.48% per $1000 of assessed value. Property values are assessed by the county assessor, a locally elected official. Once property values are determined, the taxes are assessed to each home based on the value determined by the tax assessor. California law states that property taxes be no more than 1% of the assessed value of the home plus the following:
1) the amount necessary to make annual payments due on general obligation bonds or other indebtedness incurred prior to July 1, 1978
2) any bond indebtedness for the acquisition or improvement of real property approved by a two-thirds majority of voters after July 1, 1978
3) certain bond indebtedness for school facilities approved by 55% of voters
The law allows for certain exemptions from California property taxes. A homeowner’s exemption is available to all homeowners on their primary residence. The homeowner’s exemption reduces your home’s taxable value by $7000. To get your homeowner’s exemption, you simply make a one time filing with the tax assessor’s office. The homeowner’s exemption only applies on your primary residence; you must reside in the home to qualify.
Disabled veterans also receive an exemption in California. According to California law, a disabled veteran is eligible to receive a basic exemption of $100,000 on the principal place of residence if he or she has specified disabilities. This exemption also applies to the surviving spouse of a disabled veteran, provided that spouse has not remarried. The exemption is raised to $150,000 if the veteran’s income is $40,000 or less per year. Amounts of the exemption and of the income limits are adjusted annually for inflation.
Farmers are also eligible to receive tax exemptions on property used for growing crops. Grapevines are exempt for the first three years after planting and orchards are exempt for the first four years after planting. Standing timber is exempt, but is taxed when harvested.
If you live in California and are the victim of a natural disaster, you will also gain relief from property taxes. Check with your local taxing agency to determine how this will affect you.
Wisconsin Property Taxes News
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Iowa/Wisconsin/Illinois briefs - Dubuque Telegraph Herald
Iowa/Wisconsin/Illinois briefs Dubuque Telegraph Herald Sheriff Mick Fink said the bow and arrows of a neighbor have been sent to the state crime lab for analysis after the man consented to a search of his property. Fink said investigators are hoping to determine who fired the arrow, but at this point there ... |
Mayor Dykstra on the Personal Property Tax - HollandSentinel.com (blog)
 HollandSentinel.com (blog) | Mayor Dykstra on the Personal Property Tax HollandSentinel.com (blog) Mayor Dykstra was on WHTC yesterday talking about the Personal Property Tax, saying that it is an 'unfortunate tax, a dumb tax, a bad tax'. A couple weeks ago, he spoke for the City Council, saying that 'none of us nine would agree that keeping the tax ... |
Illinois Gov. Pat Quinn says Gov. Scott Walker's budget increases property ... - PolitiFact
 Forbes | Illinois Gov. Pat Quinn says Gov. Scott Walker's budget increases property ... PolitiFact Scott Walker has used Wisconsin's southerly neighbor as a punching bag, hitting Illinois for trying to tax its way out of a big deficit. Illinois Gov. Pat Quinn volleyed back when Walker crossed the border for an April 17, 2012 speech in Springfield to ... PolitiFact: Was there a $500 billion property tax increase? Sunday Dialogue: When to Hold Recall Votes Who's better to beat Scott Walker? |
In Wisconsin recall, Gov. Scott Walker says opponent Tom Barrett campaigning ... - PolitiFact
 CBS News | In Wisconsin recall, Gov. Scott Walker says opponent Tom Barrett campaigning ... PolitiFact Reducing property taxes is one accomplishment Wisconsin Gov. Scott Walker touts in his bid to remain in office. In April 2012, the Republican governor announced that during his first year in office, the property tax bill for the typical Wisconsin ... Wisconsin blues for the Democrats Guest column: Walker has laid strong foundation for state Reality Check: Walker ad attacks Barrett's record in Milwaukee |