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New face for NFUS policy team
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Double anniversaries at Davidson and Robertson
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County board asks resident to leave meeting – Times News Online
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LOS ANGELES County Assessor Jeff Prang.
California’s 58 county assessors are seeking clarification on the implementation of a new property tax measure with the hope to delay a provision that makes it more costly for children to inherit some homes from their parents.
Narrowly approved by voters last November, Proposition 19 partially took effect on Feb. 16, but according to Los Angeles County Assessor Jeff Prang, many homeowners are not yet aware of its impact.
To learn more about how the measure potentially impacts local residents, we asked Prang to explain his concerns.
Prang says the new measure makes “significant changes” to the California Constitution regarding tax benefits. “Homeowners who meet certain criteria now have expanded tax-saving options, but children who inherit property may face increases in property taxes,” he told the Chronicle last month.
WATERTOWN â The Tug Hill Commission recently released an issue paper titled The Forest Tax Exemption and Impact on Municipal Budgets. Using real property data from Lewis, Oswego and Jefferson counties, the paper documents 480-a enrollment changes and details the impacts of a large landowner enrollment on a small rural townâs budget.
Francis Yerdon, supervisor of the town of Osceola in Lewis County stated, âthis paper puts the problem right out where everyone should be able to understand just how serious the townsâ problems really are.â The town has experienced an 8.5% shift in property taxes onto other property owners in the town this year because of a large enrollment in the forest tax exemption program.