References in periodicals archive
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Acting on an abatement application filed by the owners, the city has reduced the assessed valuation of the property from $2.
The 29 percent increase in assessed valuation is the latest in a string of increases over the last two years, officials said.
Effectively, that means if an owner agreed to a settlement reduction of an assessed valuation between the end of May through October of 1994, they may not see a refund of their overpayment until September of 1995 or later.
The decline in assessed valuation was especially concentrated in the Central Valley.
26 percent, for an average valuation of $618,162, were the only residential component to have an increase in assessed valuation.
If passed, Measure K would raise property taxes about $27 per $100,000 assessed valuation.
The utilities were affected by a change in the way the city calculated its portion of their assessed valuation as well as a large shift in equalization rates as determined by the State Board of Equalization and Assessment Review (SBEA).
Likewise, assessed valuation continues to post very strong increases, rising by 22% in fiscal 2007 and averaging 20.
The average tax rate levied to repay the two election of 1999 GO bond issuances, including this issue, is expected to be $14 per $100,000 of assessed valuation, assuming a conservative 6% future annual assessed valuation growth rate.
1 percent for an annual tax of $26 per $100,000 assessed valuation, and to 42.
50 per $100 assessed valuation limitation prescribed by law.
Looks like we have the community support to move forward with a bond at $27 per $100,000 assessed valuation,'' Superintendent Regina Rossall said.
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