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California Proposition 60 was an amendment of the Constitution of California relating to property tax assessments for older homeowners. It was proposed by the California State Legislature and approved by voters in a referendum held on November 4, 1986.
The Trump Organization, owned by Donald Trump, is another notable property owner who has avoided millions of dollars in California property taxes as a result of the loophole. [13] In 2018, the California Board of Equalization estimated that closing this loophole would raise up to $269 million annually in new tax revenue. [14] [15]
The think tank Institute on Taxation and Economic Policy (ITEP) considers property tax caps like Proposition 13 poorly targeted and instead advocates "circuit breaker" caps or homestead exemptions to levy property taxes based on ability to pay; [36] yet in 2018, ITEP ranked California's tax code as the most progressive in the United States, [37 ...
The Community Climate Action grant program is funded with a quarter-cent property tax rate. The goal is to help reduce greenhouse gas emissions by 26% by 2025 and transition the county to a 100% ...
In a new lawsuit, Orange County alleges executives at a nonprofit took millions of tax dollars to feed the elderly and needy during the pandemic, then pocketed more than $10 million and bought ...
Robert Lafee Citron (April 14, 1925 – January 16, 2013) was the longtime Treasurer-Tax Collector of Orange County, California, when it declared Chapter 9 bankruptcy on December 6, 1994. The bankruptcy was brought on by Citron's investment strategies, [ 2 ] which seemed to be an effort to earn high incomes for the county, without raising taxes ...
The Market Place (also known as the Tustin Market Place or the Tustin/Irvine Market Place) is an outdoor shopping center located in Orange County, California.Opened in 1988, the center is located along Jamboree Road [1] and Interstate 5, straddling the borders of Irvine and Tustin.
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