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Finance | Local Tax Impact in Santa Cruz County - Press Banner | Scotts Valley, CA

Summary by Press Banner | Scotts Valley, CA
According to the Tax Foundation, California is 34th in the country—not last—in property taxes and Proposition 13 gives us an effective tax rate of 0.7%. Houses are assessed with purchase or new construction and then tax increases limited to 2% yearly. The tax is 1% of home value plus supplementary taxes, which are not itemized deductions. The property tax raised more than $62.1 billion for local governments during 2016-17, half going to schools.…
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Press Banner | Scotts Valley, CAPress Banner | Scotts Valley, CA

Finance | Local Tax Impact in Santa Cruz County - Press Banner | Scotts Valley, CA

According to the Tax Foundation, California is 34th in the country—not last—in property taxes and Proposition 13 gives us an effective tax rate of 0.7%. Houses are assessed with purchase or new construction and then tax increases limited to 2% yearly. The tax is 1% of home value plus supplementary taxes, which are not itemized deductions. The property tax raised more than $62.1 billion for local governments during 2016-17, half going to schools.…

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Press Banner | Scotts Valley, CA broke the news in on Thursday, March 27, 2025.
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