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Property Assessment

NEWS
June 2, 1999 | SUE McALLISTER, TIMES STAFF WRITER
The owners of 129,300 properties in Los Angeles County who got tax breaks when real estate prices plunged earlier this decade are about to experience an unpleasant byproduct of today's rebounding market. Prices are rising, and so will their property taxes. The county assessor conducted a review this spring of the 366,000 parcels whose owners successfully petitioned for tax reductions in the years after prices began their plunge in 1990.
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CALIFORNIA | LOCAL
February 19, 1999 | RICHARD MAROSI
Homeowners threatened by a landslide in a neighborhood in Orange filed a class-action lawsuit Thursday against Anaheim and a developer, claiming that hazardous conditions have cost them as much as $10 million in lost property values. Lloyd Charton, attorney for the homeowners in the Vista Royale neighborhood, said homes that cost as much as $400,000 are worthless. "People are trying to sell their homes and they can't sell them," he said.
CALIFORNIA | LOCAL
December 2, 1998 | ROBERT OURLIAN, TIMES STAFF WRITER
San Juan Capistrano is considering a plan that would bill new-home owners for hillside stabilization if their houses are damaged by landslides--a proposal that has some longtime residents crying foul. Developer SunCal Cos. of Anaheim, which is building the 350-unit Pacific Point project, is proposing an assessment district that would let the city issue bonds if it needed money to repair slopes. The bonds would be paid off by a tax on the district's homeowners.
BUSINESS
November 3, 1998 | DARYL STRICKLAND, TIMES STAFF WRITER
As home values rose across the state, home foreclosures in the third quarter sank to their lowest levels in six years in California, a real estate information firm reported Monday. Orange County and the Bay Area, two of the hottest real estate markets, recorded the sharpest declines for the three months ended Sept. 30, according to Acxiom/DataQuick Information Systems Inc.
BUSINESS
October 22, 1998 | Associated Press
Assessed property values climbed an average of 3% in California in the latest fiscal year, but jumped 6% in Orange County and a whopping 10% in Santa Clara County, the heart of Silicon Valley. San Francisco's property values increased 9.1%, the second-most among the 58 California counties. "These are good times," City Assessor Doris Ward said. "San Francisco has a positive outlook."
CALIFORNIA | LOCAL
June 11, 1998
The Long Beach City Council has given tentative support to a proposed tax district that would finance security, promotions and other projects for businesses downtown and ultimately eliminate the need for city subsidies for such services. The proposed district would raise roughly $919,000 a year through an extra assessment on property taxes in an area that includes the Pine Avenue retail zone, East Village, the Civic Center and hotels and office complexes on Ocean Boulevard.
NEWS
May 26, 1998 | STEPHANIE SIMON, TIMES STAFF WRITER
Does your car bump from pothole to pothole on ragged city streets? Blame it on Proposition 13. Is your neighborhood stable, full of old-timers enjoying low property taxes? Credit Proposition 13. The San Fernando Valley secession movement. O.J. Simpson's acquittal. The outlet malls gulping up strawberry fields on the Oxnard Plain. The fee for running a red light. The Wal-Mart by the freeway. The waiting list for John Grisham's latest at your local library.
CALIFORNIA | LOCAL
April 21, 1998 | REGINA HONG, SPECIAL TO THE TIMES
Residents have long claimed that increased truck traffic on Happy Camp Road is ruining their lives. Now a county assessment appeals board has agreed, granting whopping reductions in the values of two properties--with perhaps others to follow. The rulings are bittersweet victories for property owners Frank Zamrock and Suzanne Thomas.
CALIFORNIA | LOCAL
March 6, 1998 | SHELBY GRAD, TIMES STAFF WRITER
Thousands of new-home owners can expect to pay $300 to $700 in extra property taxes this year because of a change in the way the county calculates house values. Under the new system, the assessor's office is basing the tax bills for many new homes on the value of each property as well as the value of the subdivision's curbs, gutters, lighting and other improvements funded with certain types of special assessment bonds.
CALIFORNIA | LOCAL
February 25, 1998 | TRACY WILSON, TIMES STAFF WRITER
The rain was gone and the skies were clear--but the fear that gripped many Ojai Valley residents stuck Tuesday like caked-on river mud. "It's mostly psychological now," 56-year-old Art Isgur said, keeping an eye on the horizon. "You see a cloud in the sky and you start shaking." Isgur was among two dozen east Ojai residents who watched helplessly Monday as rushing flood waters inundated their homes. On Tuesday, he and others began to clean up the mess left behind.
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