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In 2019, WalletHub applied California's statewide effective property tax rate of 0.77% to the state median home market value of $443,400; the annual property taxes of $3,414 on the median home value was the 9th-highest in the United States. [31]
California Insurance Code Section 676 requires insurers to provide a specific reason for non-renewal at least 75 days before the policy expires, allowing homeowners time to address issues or find ...
Months after California's home insurance market was rattled by major companies pausing or restricting their coverage, the state's top regulator said Thursday that he would write new rules aimed at ...
Fifty-one percent of younger homeowners (aged 18 to 34) had their home insurance nonrenewed or canceled in the last three years, compared to 15% of homeowners aged 35 to 54 and 5% of homeowners ...
With so few insurance options available to them, homeowners in wildfire-prone areas typically only have one option for basic property insurance: the California FAIR Plan.
Proposition 103, titled Insurance Rate Reduction and Reform Act, was a California ballot proposition voted on in the 1988 California General Election. It passed with 51% of the vote on November 8, 1988. [1] Proposition 103 expanded the regulatory capacities of the California Department of Insurance, especially in property and casualty insurance.
At 7.25%, California has the highest minimum statewide sales tax rate in the United States, [8] which can total up to 10.75% with local sales taxes included. [9]Sales and use taxes in California (state and local) are collected by the California Department of Tax and Fee Administration, whereas income and franchise taxes are collected by the Franchise Tax Board.
California woman who spent over $200K remodeling her home is dropped by insurer over drone-captured images of ‘clutter’ and debris — what you can do if your insurer threatens to fire you