A Single Structural and Fiscal Property Tax Increase:homes of 4,000 square feet or more to pay an additional 1%
SAN FRANCISCO, Calif. — Because someone has to step up and suggest something: this year’s StateoftheState.com address deals with California’s property tax — All aspects of California Proposition 13 on property taxes are to remain the same except that homes of “4,000 square feet or more” are to pay an additional 1%.
“I’m not final and am open to input on who should get the revenue generated from the additional 1%,” said Kevin Olson of StateoftheState.com. “However, the monies are meant for general fund(s).”
This proposal submitted by Kevin Olson, http://www.StateoftheState.com
NEWS SOURCE: StateoftheState