Newsom, 6 Other Governors Call on Biden to Lift $10K Cap on Tax DeductionsCalifornia Gov. Gavin Newsom joined six other Democratic governors on Friday in calling on Pres. Joe Biden to lift the $10,000 cap on state and local tax deductions that was a part of former Pres. Donald Trump’s massive 2017 tax law.
Proposition 15: California Voters Reject Move To Dismantle Property Tax SystemCalifornia voters have rejected a proposal to partially dismantle the state’s 42-year-old cap on property taxes, a move that would have have raised taxes for many businesses in a pandemic-hobbled economy.
Prop 15 Challenge To CA Property Tax Rules Trailing; Prop 19 Wildfire Tax Break Too Early To CallA ballot measure to partially dismantle California’s longtime system of tying property taxes to the last sales price was trailing narrowly Tuesday with several million votes still to be counted.
Property Tax Break Swap; California Prop 19 Means Different Things To Different HomeownersOn the ballot this year is a proposition that says it will help wildfire victims and change state property tax policy.
Poll: Voters Split Over Prop. 15 Property Tax Measure, Affirmative Action Prop. 16 TrailingA new poll finds California voters split over a measure that would change how commercial and industrial properties are taxed. Meanwhile, a measure repealing the state's ban on affirmative action is trailing by double digits.
San Jose Facing A $45 Million Budget Shortfall Due To COVID-19 PandemicThe city of San Jose is facing a $45 million budget deficit, much of it rapidly brought on by the effects of the coronavirus pandemic.
Santa Clara County Schools May Be On Hook For 49ers Tax RebateThe Santa Clara Unified School District is responding to revelations that it is bearing the largest financial burden of any agency or organization in the wake of a lawsuit to overturn a multi-million dollar property tax refund and tax cut for the 49ers.
Santa Clara County Appeals Ruling Giving 49ers $36 Million Property Tax Refund On Levi's StadiumA Santa Clara County tax assessor filed a lawsuit in Superior Court on Monday in an attempt to reverse a decision that awarded a $36 million property tax refund to the 49ers.
Flood-Damaged Property Owners In Sonoma Co. May Get Property Tax ReliefThe Sonoma County Assessor’s Office is advising owners of business property, structures and land that sustained more than $10,000 damage in last week’s storm and flooding to file a Calamity Damage Reassessment Form.
San Francisco May Use Part Of $415M Tax Windfall To Address Housing CrisisSan Francisco’s controller has announced that the city will recognize a $415 million windfall thanks to excess property tax revenue.
California Voters Reject Measure To Expand Property Tax BreakCalifornia voters have rejected a ballot measure to expand a property tax break for older homeowners who move, sparing schools and local governments a major revenue loss.
Some Argue Measure W Would Unfairly Tax Oakland Property OwnersA property measure in Oakland aimed at raising funds to fight the homeless crisis is sparking outrage among landlords.
San Jose Leads Nation In Annual Home Ownership CostsAccording to an analysis from Zillow and Thumbtack, San Jose leads the nation in the annual expenses of owning and caring for a home.
California Lawmakers Eye Loopholes Around Fed Tax Deduction LimitsDemocrats in Sacramento are exploring ways to help Californians save money by creating a loophole around deduction limits that are part of the new federal tax law.
New GOP Tax Law Leading Some To Pay Property Taxes EarlyThe new Republican tax law is prompting lots of people to try and get ahead of the game to maximize their deductions in 2018.