The owners of the Palladium have been successful in getting some relief from the 229 percent increase in the assessed valuation
of the downtown entertainment venue.
Because assessed valuation
has gone up, it allows us to sell the last series of bonds this fall,'' Melchers said.
In fact, the Finance document that discloses the history of the assessed valuation
- known as an "AV HS" - already reflects the new reduced assessments, supporting Borin's claim that Finance already has the information it needs to generate new bills.
According to the assessor, the average assessed valuation
of single-family homes has dropped 3.
If passed, Measure E would raise property taxes about $30 per $100,000 assessed valuation
, which is slightly more than what property owners already pay on a high school bond measure passed by voters in 2002.
The rates are paid per hundred dollars of billable assessed valuation
The tax would be $55 per $100,000 assessed valuation
, but the average assessed valuation
in those two communities is about $44,000 so the annual tax for homeowners would be about $27 a year, district officials said.
Penalties for missing or defective filings begin with the property being disqualified from having an appeal of the assessed valuation
heard before the Tax Commission.
No specific figures have been decided upon yet, but a district survey conducted in February of more than 500 registered voters indicated that 55 percent supported paying an annual tax of $23 per $100,000 assessed valuation