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Quasi-community property is a concept recognized by some community property states. For example, in California, quasi-community property is defined by statute as all real or personal property, wherever situated, acquired before or after the operative date of this code in any of the following ways:
California Proposition 218 (1996)) constitutionally requires two-thirds (2/3) voter approval to approve the formation of a Mello-Roos Community Facilities District.In instances where the number of registered voters within a Community Facilities District is very small, the required election is held as a property owner election.
California has a state sales tax of 8.25%, which can total up to 10.75% with local sales tax included. [3] All real property is taxable annually, the tax based on the property's fair market value at the time of purchase or completion of new construction. Property tax increases are capped at 2% per year (see Proposition 13).
In community property states, marital debt is usually split 50-50 between both spouses, as it is considered jointly owned. In equitable distribution states, courts aim to divide debt in a fair but ...
California’s Employment Development Department, which oversees the state’s unemployment insurance program, has said that it would rely on increased federal taxes on employers to pay down the ...
The California Department of Housing and Community Development (HCD) is a department within the California Business, Consumer Services and Housing Agency that develops housing policy and building codes (i.e. the California Building Standards Code), regulates manufactured homes and mobile home parks, and administers housing finance, economic development and community development programs.
Republicans and Democrats are stuck over how to increase the federal government’s debt limit, and that could mean big economic trouble for California and, for that matter, the nation and world.
In fiscal year 1994–1995—the most recent year for which figures are available—redevelopment agencies (RDAs) received 8 percent of the property tax revenues collected in the state of California, amounting to $1.5 billion. These are revenues that, absent the RDAs, would have gone to other public agencies such as the state and counties.