May 22, 2018

California Property owners rush to pay Property Taxes

California’s tax revenues far exceeded expectations in January for the second consecutive month, but it remains to be seen how much of the excess reflects underlying strength in the economy and property tax values, versus people speeding up their 2017 income and deciding to pay property taxes early while they were still fully deductible on […]

What is Proposition 8 – California property tax

CALIFORNIA PROPERTY TAX What is Proposition 8? In 1978, California voters passed Proposition 8, a constitutional amendment to Article XIII A that allows a temporary reduction in assessed value when real property suffers a decline in value. A decline in value occurs when the current market value of real property is less than the current […]

The Background of Property Taxes in California

The Background of Property Taxes in California Prior to 1912, the state derived up to 70 percent of its revenue from property taxes. The state no longer relies on property taxes as its primary source of funds-since 1933, the only property tax directly levied, collected, and retained by the state has been the tax on […]

Are your property taxes still deductible in California?

Are your property taxes still deductible in California?   The GOP tax reform bill signed into law by President Trump on December 22 made changes to the deductibility of your property taxes paid here in California. If you are the owner of a rental property, whether commercial or residential, you may still take a full […]

New Year and New 2018 Tax Assessments!

All of us here at RPC hope all of you had a wonderful holiday season! We greatly appreciate all of those who have contributed to our success over these last 29 years! In return, we are proud to contribute to our clients Prosperity and Financial Wellness by reducing one of their largest annual expenses, Property […]