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California's property tax law means radically different taxes are paid on similar homes. There are better ways to achieve Prop. 13's protections for low-income and older homeowners.
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Then-Gov. Jerry Brown Jr., left, and anti-tax crusader Howard Jarvis, after the passage of Proposition 13 in 1978. Anti-tax forces haven't stopped trying to sabotage public services ever since.
Proposition 13 alters the balance of the housing market because it provides disincentives for selling property, in favor of remaining at the current property and modifying or transferring to family members to avoid a new, higher property tax assessment. [45] [46] Proposition 13 reduces property tax revenue for municipalities in California.
The Ohio Channel is a service of Ohio's public broadcasting stations that operates out of the Ohio Statehouse in Columbus, Ohio.The Ohio Channel, on behalf of its parent company Ohio Government Telecommunications, produces gavel-to-gavel, unedited video coverage of official sessions of the Ohio Senate, the Ohio House of Representatives, and the Supreme Court of Ohio.
The proposition adjusted the property tax rate, pegging it at 1% of the purchase price of the property. This proposal was popular, largely due to the high inflation and associated rises in property taxes through the 1970s. Jarvis and his wife collected tens of thousands of signatures to enable Prop. 13 to appear on a statewide ballot, for which ...
WPTO (channel 14) is a public television station licensed to Oxford, Ohio, United States, and broadcasting to the Cincinnati area. It is owned by Public Media Connect alongside WCET (channel 48, CET) in Cincinnati and WPTD (channel 16, ThinkTV) in Dayton and is managed from the ThinkTV studios in Dayton.
The IRS has raised the income thresholds for tax brackets by about 2.8% from 2024, CBS News reports. The agency also increased the standard deduction to $15,000 for those filing individually (an ...