property tax

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property tax

n. an annual local governmental tax on real property or personal property based on a tax rate (so many dollars or cents per $100 value of the property.) The value is usually established by an Assessor, a county official. In California the assessed value of real property is based on the amount of the last sale of the property, and the tax is limited to 1% of that figure (with a few minor exceptions) under the so-called "Proposition 13" state constitutional provision. In addition, there are special assessments for particular public property improvements such as sidewalks, tree planting, or storm drains which are charged to each property owner on the street in which the improvements are made. (See: ad valorem, tax)

References in periodicals archive ?
Luring urban visitors to bucolic settings is nothing new to Millage, who recalls autumn pony rides and hay mazes growing up in Siskiyou County, California.
In addition, both the police department's and the fire department's 5-year plans, which were submitted to the city council in May 1995, established the need for the millage campaign.
The district's five year forecast shows net operating deficits in fiscals 2014 and 2015 would result in a negative general fund balance, absent a new millage request.
Those in attendance included: Front-Line Real Estate's Russ McClellan, Tom Brascher, Marsha Brascher, Ottie Asher; Windermere's Keith Wells, Tony Macmillin, Joe Collins, Josh Collins, Christa Millage, Kari Kollmeyer, Morgan Picton, Kara Schell, Mary Flood, Vicki McKinney; ReMax's Diane Leigh, Mary Signorelli; Coldwell Banker/Lake Chelan Properties' Kathy Jo Porter, Gail Manahan; Chelan Realty's Ben Higgins; Century 21 Trophy's Rikki Grow, Wendy Ediger, Nanno van Eysinga; NCW Association of Realtors' Christi Maroney, Jerry Paine (Windermere); North Meridian Title & Escrow's Shari Harmon, Clarissa Steiner, Teddie Shales, Carol Ortloff; Pioneer Title's Steve Ellis, Deborah Foltz; and First American Title's Megan Benson, Hannah Lewis.
Director Jennifer Goodson said the millage increase would represent a tax increase from $20 to $60 for every $100,000 of property value.
I have had some sleepless nights over this, but the intent of the law needs to be defined and clarified for us to feel comfortable to go forward with this millage," she said.
which limited local governments' property tax revenue growth by imposing maximum millage rates based upon growth in state-wide per capita personal income and growth in the tax base due to new construction and additions within each jurisdiction; and (2) Ch.
Millage, aged 46, pleaded guilty to ten offences of selling unclassified videos and DVDs.
But on the first play of the fourth, Millage broke free for a 70-yard touchdown, sparking the comeback for the Generals (8-2), the PIL champion.
Anthony and Darcell serve as co- chairs for The Millage Campaign Committee for the Detroit Public Library (MCC) along with Detroit philanthropist Betty Brooks.
Dodd, from Brea, and Millage both took extra pleasure in the victory.
The county has experienced a significant decline in property values resulting in a corresponding reduction in revenue from the district's discretionary operating and capital outlay millage.