March 20, 2018

New IRS Property Tax Deduction CAP Remedy?

Could California follow New Jersey with their proposed IRS property tax deduction CAP loophole? In reaction to the recent federal tax reform bill, New Jersey is seeking to address the cap limiting property tax deductions on federal income tax returns. New Jersey needed to take action to prevent deepened tax burdens in the already higher-taxed […]

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 […]

Values in Silicon Valley Face Unavoidable Slowing Despite Growth, Says Assessor

Values in Silicon Valley Face Unavoidable Slowing Despite Growth, Says Assessor In Larry Stone’s annual report from the Santa Clara County Assessor, property values as a whole grew over 7% over 2016 in 2017- but he does not expect the growth to continue due to key indicators. In the past, new office spaces saw up […]

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 […]

California Commercial Real Estate to slow down in 2018 

California Commercial Real Estate to slow down in 2018   After the 2010 low, commercial real estate in California has been on a steady rise. In some areas, prices have soared to 16% higher than the 2007 peak. The rise is attributed to the favorable conditions of a thriving post-2008 crisis economy. More investors, especially […]

What awaits California’s residential real estate market in 2018? 

The prices of residential real estate in six counties within California have recorded a 10% rise compared to last year’s prices alone. This has been the reality for most of California for the past 5 years. A closer look at the prices of homes within the region reveals how expensive houses are getting. In Southern […]

Property Taxes Due December 11, 2017

November 1st, 2017 the first installment of property taxes were due. After 5:00 pm this Monday, December 11th 2017 the first installment becomes delinquent. Property Taxpayers can pay their 1st tax installment without incurring Substantial Penalties if paid prior to 5 pm Monday. Avoid Substantial Penalties and Liens on your properties. Penalties include a […]