UNDERSTANDING,CALIFORNIAS,PROPERTY TAXES,POLICY,AREAS,PUBLICATIONS,BUDGET,PROPOSITIONS,INITIATIVES,STAFF,CAREERS,NOVEMBER 29,EXECUTIVE SUMMARY,THE VARIOUS,TAXES,CHARGES,CALIFORNIA,PROPERTY TAX,BILL,COMPLEX,UNDERSTOOD,REPORT,OVERVIEW,MAJOR,LOCAL GOVERNMENT,REVENUE,HIGHLIGHTS,POLICY ISSUES,RELATED,VARIETY,THE 1,PERCENT,RATE,VOTER,DEBT,RATES,PARCEL,MELLO ROOS,LARGEST,TAX,THE PROPERTY,THE ONLY,LOCALITY,VALUE,CALIFORNIA CONSTITUTION,THE PROCESS,DETERMINING,EQUAL TO,PURCHASE,PRICE,UPWARD,BY 2,THE CONSTITUTION,DO IN,STATE,PERSONAL INCOME TAXES,GENERAL,FUND,LOCAL GOVERNMENTS,COLLECTED,BILLION,THE OTHER,TAX BASE,DIVERSE,PROPERTY,OWNER OCCUPIED,RESIDENTIAL,PROPERTIES,INVESTMENT,VACATION,COMMERCIAL,CERTAIN,OWNED,GOVERNMENTS,HOSPITALS,RELIGIOUS INSTITUTIONS,CHARITABLE ORGANIZATIONS,REMAINS,COUNTY,LAWS,CONTROL,DISTRICTS,COUNTIES,DISTRIBUTION OF PROPERTY,TAX REVENUE,THE STATE,LOCAL,EDUCATION,FINANCE,SYSTEM,GENERALLY,SPENDING,OBLIGATION,THE YEARS,CHANGED,THE LAWS,TIMES,ORDER,REDUCE,COSTS,ADDRESS,CURRENT,LIMITATIONS,EVOLVED,OVER TIME,LEGISLATION,MODERN,NEEDS,PREFERENCES,CHANGES,EXISTING,EVALUATE,COMMON,TAX POLICY,STABILITY,SIMPLICITY,NEUTRALITY,EQUITY,MEASURED,ECONOMY,LESS,VOLATILE,TAX REVENUES,IN CALIFORNIA,ACQUISITION,ASSESSMENT,FALLING,REAL ESTATE,VALUES,RECENT,RECESSION,CAUSED,EXPERIENCE,DECLINES,VOLATILITY,THE PAST,STABLE,SIMILAR,TAXPAYERS,EXAMPLE,OWNERS,HIGHER,EFFECTIVE TAX RATE,PEOPLE,HOMES,ADDITION,TAX SYSTEM,DISTORT,BUSINESS,HOMEOWNER,DECISIONS,RELOCATION,EXPANSION,INTRODUCTION,CALIFORNIA TAXPAYERS,PAYMENTS,THOUSANDS,COMMUNITY COLLEGES,CITIES,SPECIAL DISTRICTS,BILLS,FOUNDATION,PLAY,ROLE,ELEMENTS,PURPOSE,SERVE,REFERENCE,FUNDING,THE REPORT,BEGINS,EXPLAINING,CALCULATED,FUNDS,LAST,PROPERTY TAXATION,EVOKED,CONTROVERSY,FRAMEWORK,EXAMINE,SYSTEMS,APPENDIX,DETAIL,THE SAMPLE,FIGURE 1,PROPOSITION 13,TAX RATES,PROCESS,CALCULATING,TAX LEVIES,SAMPLE,SHOWS,AD VALOREM,C,FACTORS,BENEFIT,IMPROVEMENTS,TOTAL,AMOUNT,DIVIDED,EQUAL,PAYMENT,DECEMBER 10,APRIL 10,DETERMINED,ACCOUNT,NEARLY,IMPORTANCE,SECTION,DETERMINE,CHAPTER,DISCUSS,PROPERTY VALUE,COMPONENT,ANNUAL,LEVY,LIMITS,THE OWNER,MEANING,FOR ANY,PUBLIC PURPOSE,GENERAL OBLIGATION BONDS,INFRASTRUCTURE,PROJECTS,CONSTRUCTION,REHABILITATION,SCHOOL,NEARBY,USED TO,VOTERS,BOND,OPERATING EXPENSES,TEACHER,SALARIES,MUST,THIRDS,ISSUE,COMMUNITY COLLEGE,THE SCHOOL,DO NOT,FIXED TAX,GENERAL OBLIGATION BOND,INDEBTEDNESS,MONEY,THE BOND,PRIOR,ABOVE,PROPOSITION,AUTHORIZED,THE ANNUAL,COST,PAID OFF,TODAY,CONTINUE,BONDS,THE PASSAGE,COURTS,PAID,EMPLOYEE,RETIREMENT,WATER,PROJECT,BENEFITS,BALLOT MEASURES,EMPLOYEES,CALIFORNIA SUPREME COURT,RULED,PENSION,COVER,HIRED,ENACTED,STATE LAW,LEVEL,WHICHEVER,REVIEW,CITY OF,FERNANDOS,STATE WATER PROJECT,OPERATION AND MAINTENANCE,CONTRACTS,SUBJECT TO,PERCENTAGE,AVERAGE,ONE TENTH,OF 1,THE LAND,BUILDINGS,LANDSCAPING,BELOW,DESCRIBE,REAL PROPERTY,PERMANENT,STRUCTURES,EXPLANATION,PERSONAL PROPERTY,COMPUTERS,BOATS,AIRPLANES,EQUIPMENT,CROSS COUNTY,BOUNDARIES,COUNTY ASSESSOR,ASSIGNS,INFLATION,SOLD,POINT,IN OTHER WORDS,RESETS,MARKET VALUE,BUYER,PAY FOR IT,FIGURE,CONSTITUTIONAL AMENDMENTS,TRIGGERING,TRIGGER,DESCRIPTION,WHOSE,TAKEN,EMINENT DOMAIN,PROCEEDINGS,TRANSFER,PROPERTY OF,SIZE,FUNCTION,DAMAGED,NATURAL DISASTER,SPOUSES,PARENTS,CHILDREN,HOMEOWNERS,THE AGE,NEW HOME,DISABLED,GRANDPARENTS,THE PARENTS,DECEASED,UNUSABLE,ENVIRONMENTAL PROBLEM,PRACTICE,GREATER THAN,INCREASE,MAXIMUM,OF 2,MARKET,THEREFORE,CHANGE,OWNERSHIP,PREDICTABLY,FROM ONE,THE NEXT,UNAFFECTED,THE MARKET,UP TO,RESET,SOON,MUCH GREATER THAN,BUILDING,EXPANSIONS,UPGRADES,UNIMPROVED,ORIGINAL,GARAGE,THE HOME,THE ORIGINAL,THE GARAGE,THE COMBINED,INCREASING,TYPE,IMPROVEMENT,SOLAR ENERGY,FIRE SAFETY,ENVIRONMENTAL CONTAMINATION,SEISMIC,SAFETY,REDUCED,FALL,DECLINE,PROPERTY DAMAGE,ADJUSTMENT,TAXED,GREATER,WORTH,EVENTS,THE PROPOSITION,PROPERTY OWNER,PETITION,ASSESSOR,HIS OR HER,PROP 8,PROPOSITION 8,REDUCTION,STAYS,DROPS,AT THIS TIME,LESS THAN,DECREASE,ONCE AGAIN,PLUS,THE 2,ELIGIBLE,EXEMPTION,CLAIM,PRIMARY RESIDENCE,LOWERS,OF 8,CATEGORIES OF,RATHER,INFORMATION,MATERIALS,HOUSEHOLD FURNITURE,GOODS,PERSONAL,INTANGIBLE PROPERTY,GYM,INSURANCE POLICIES,CONSIST,MANUFACTURING,PLANES,OFFICE FURNITURE,THE LOSS,CONDITION,CONCEPT,DEPRECIATION,JULY 3,BOARD,EQUALIZATION,REAL,RAILROAD TRACKS,CANALS,EXCEPTION,RAILROAD CARS,FEDERAL COURT,SETTLEMENT,DECADES,SOMEWHAT,RAILCAR,TAX RATE,THE COST,SERVICE,SQUARE FOOTAGE,NUMBER,ROOMS,THESE THREE,CATEGORIES,COLLECT,FEES,CLEAR,WEEDS,PRESENT,HAZARD,MINOR,CREATE,STREET LIGHTING,DISTRICT,STREET LIGHTING IN,AREA,DIRECT,CANNOT,PUBLIC,LIBRARIES,EVEN THOUGH,MOREOVER,PAYS,THE LOCAL GOVERNMENT,IMPOSE,WEIGHTED,MAJORITY,VOTE,PROPORTION,JURISDICTION,SUBSET,FIXED,ROOM,SQUARE FOOT,PARCEL TAX,BE USED TO,THE SERVICE,SCHOOL DISTRICTS,RESTRICTED,THE PUBLIC,GEOGRAPHICAL AREA,DRAWN,OFFICIALS,COMMERCIAL DEVELOPMENT,LANDOWNERS,SPECIAL,TWO THIRDS VOTE,ACRE,FEWER,DEVELOPER,TRACT OF LAND,DESIGNATE,DEVELOPED,COMMERCIAL PROPERTY OWNERS,POLICE,FIRE STATIONS,NEW COMMUNITY,OFFICE SPACE,TIMESHARES,BOATING,DOCKS,SHARE,PROPERTY TYPE,DATA,WE