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The Central Valley in California subsides when groundwater is pumped faster than underground aquifers can be recharged. The Central Valley has been sinking at differing rates since the 1920s and is estimated to have sunk up to 28 feet. [1] During drought years, the valley is prone to accelerated subsidence due to groundwater extraction.
As reported earlier this year by the Wall Street Journal, fewer than 500 homes have been built since a 2021 law, SB 9, was passed allowing owners to split their single family home lots in two, and ...
The MLS is a database of homes for sale in a particular geographic region. When real estate agents list a property for sale, they add it to the MLS database, allowing all agents and brokers in the ...
Californians pay the highest marginal state income tax rate in the country — 13.3%, according to Tax Foundation data. But California has a graduated tax rate, which means your rate increases ...
From 1989-1990 The Monterey Hills Development on whole was the subject of the longest civil jury trial in Los Angeles County History due to land subsidence. The Castro firm sued the massive 200-unit Eaton Crest project in Monterey Hills, a structure that was constructed on an unstable 100-foot-deep (30 m) backfill. The Los Angeles Times ...
California has the highest marginal income and capital gains tax rate and is in the top ten highest corporate tax and sales tax rates nationally. In 2016, California had the 17th-highest per-capita (per-person) property tax revenue in the country at $1,559, up from 31st in 1996. [ 30 ]
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Groundwater use and pumping in the area was the major water use for farmers and agriculture in the 1920s, and over time, this over-pumping resulted in land subsidence and a decline in groundwater-level resources. In time, this resulted in major land subsidence by the 1970s with local areas having 0.30 to 8.5 m (1 to 28 ft) of subsidence.
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