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CA Sees Higher Property Values… You See Higher Property Tax Bills

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Property taxes are on the rise in California, keeping pace with the increase in property values.

 

The California State Board of Equalization has released its annual report for 2020 -2021.

 

Total  statewide county-assessed property value is more than 7 trillion dollars.

 

Property taxes paid on all that property total 79.9 billion dollars, a 6% increase from the year before.

 

The Board of Equalization says California is transitioning away from the disruptions of the Covid-19 pandemic.

 

However, keep in mind the California Legislature has kept the Covid-19 emergency declaration in place indefinitely due to covid variants still floating around.

 

 

Stack of Folded US Currency Notes on White background, with a 100 dollar bill on top.

Photo from Alpha Media USA Portland OR



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