January 11, 2013 |
Aren't those young, wealthy homeowners who own their fancy digs mortgage-free the envy of us all? The real estate website Zillow.com found that about 34.5% of American homeowners aged 20 to 24 owned those properties outright. Real estate agents, in interviews, said these youthful buyers are most likely young millionaires, those with trust funds or those who received help from their parents. Zillow found that about a third of all American homeowners owned their properties outright.
CALIFORNIA | LOCAL
October 14, 1988
In 1986 California voters approved a ballot measure allowing homeowners aged 55 or older to move to a new home and carry their Proposition 13 property tax breaks with them, provided they remained within the same county. This Nov. 8 California voters will act on Proposition 90, which could open the way to transferring the same Proposition 13 property tax break to another county. The ballot measure merely authorizes the Legislature to make this change.
CALIFORNIA | LOCAL
December 5, 1986 |
Few homeowners are looking forward to next week's property tax payment deadline. Fewer still are dreading it as much as Miller Thomas is. Instead of the $550 annual Los Angeles County tax bill he expected for his Canoga Park home, Thomas got one for $10,850.57. Along with the usual assessments for schools, sewers and city services, he has been charged $10,297 for weed abatement work done by the city on his 100-foot-wide Gresham Street lot.
May 10, 1989 |
A ballot measure to raise property taxes for new school construction in the fast-growing Capistrano Unified School District went down to defeat Tuesday when it failed to garner the two-thirds approval required for passage. Measure A was approved by just over half of the more than 19,000 voters who cast ballots, according to unofficial final tallies by the Orange County registrar of voters. The vote on Measure A was seen as an important test of who will bear the financial burden of paying for growth in booming southern Orange County: future residents or those who already live there.
September 18, 1995 |
It was right around Easter when he decided to chuck it all--the big salary, the skyscraper view. Bill Crowfoot, corporate lawyer and Pasadena city councilman, remembers he was drafting a boring legal document when he found himself muttering: "This is ridiculous." When word got out, of course, people talked. Some said he was grandstanding; some wondered if it was a mid-life thing. No matter.