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Strong opposition led by RHA Sacramento Valley persuaded the Sacramento Metropolitan Fire District to put its proposed property tax assessment on hold.
This action spared rental property owners from a new annual assessment of $14 to $30 per unit.
The Fire District had been seeking a special vote-by-mail election to gain approval of a new “Fire Suppression Benefit Assessment.”
If approved, the assessment would have raised $12 million annually to reopen five engine companies closed during the recession.
RHA – a chapter of the California Apartment Association — was the first business group to oppose the assessment and others quickly… Read More
Tagged: AdvocacyTaxes Sacramento Valley
If you’re a registered voter in West Contra Costa County, look for a ballot in your mailbox over the next couple weeks.
Ballots go out in just a few days and ask all registered voters to approve a parcel tax that could help keep Doctors Medical Center in San Pablo open.
This property tax is larger than those requested in prior years — and it probably won’t be the last tax requested to save the financially struggling hospital.
The measure, which would charge 14 cents per square foot of developed property, has no sunset. It would stay in effect as… Read More
Tagged: Taxes
Starting with taxes for 2013, a 3.8 percent Medicare tax applies to net investment income for some.
Net investment income is net investment after deductions properly allocable to that income.
The Medicare tax applies to investment income exceeding one’s “modified adjusted-gross income.”
That threshold is $250,000 for married taxpayers filing jointly; $125,000 for married taxpayers filing separately; and $200,000 for all others.
Investment income includes income earnings from interest, dividends, royalties, rents, and net gains from the disposition of property. It does not include income derived in the ordinary course of a trade or business.
Individuals whose rentals show either… Read More
Residents in west Contra Costa County will vote this spring on a parcel tax that could help rescue the financially beleaguered Doctors Medical Center in San Pablo.
Registered voters will receive mail-in ballots sometime over the next two months and must return them by May 6th to be counted. The required threshold is two-thirds vote. The two-thirds is determined by the number of returned mail-in ballots.
The tax, which would cost property owners $0.14 cents per square foot, would be permanent, even if the hospital merges with another medical facility or is purchased.
All residents — including those in multifamily… Read More
In a column, California Assemblyman and gubernatorial candidate Tim Donnelly says threats to Proposition 13 — particularly a split roll tax — would eventually cause rent hikes and hurt tenants.
“There are no “free lunches,” Donnelly writes in his column. “Someone has to pay. The politicians believe they are sticking it to the income property investors – and this may be true for a year or two, but, eventually all costs get passed on to the tenant.”
The California Apartment Association joins the city of Antioch in celebrating the passage of a half-cent sales tax to promote public safety.
CAA’s Political Action Committee contributed $18,000 to the campaign for Measure C.
The measure, approved during Tuesday’s election, is projected to bring $4.7 million into the city’s general fund to hire additional police and other safety officers. The tax will begin in April 2014.
The half-cent sales tax represents about one-third of the city’s budget deficit.
CAA Contra Costa Napa Solano Division members, other businesses and citizen stakeholders will help the City Council and city staff by researching… Read More
Tagged: ElectionsSafetyTaxes Contra Costa
In 2013, lawmakers derailed threatening bills to the rental housing industry and other business sectors.
Some of the bills left floundering focused on parcel taxes, spit roll property taxes and putting tax hikes before voters.
For example, here are two bills that CAA opposed and help put on ice until at least next year:
AB 59 (D-Bonta) – Parcel Taxes – The intent of AB 59 is to overturn a recent court case that prohibits school districts from imposing different parcel tax rates on different types of property. If passed, AB 59 would allow school districts to impose different parcel… Read More
Tagged: AdvocacyLegislationTaxes
In a victory for landlords, a parcel tax for Davis schools will apply to apartment buildings the same way it does to other types of property, the Fresno Bee reported.
Property in Davis — including multifamily housing – will now be assessed at $204 per parcel under the voter-approved Measure E tax for schools.
The Davis Joint Unified School District board voted last week to scrap the multifamily component of the tax, which assessed apartment buildings at $20 per unit. That would come to $1,000 for an apartment building with 50 units.
With the change, landlords face a $204-per-parcel charge,… Read More
Tagged: Taxes
While the California Apartment Association helped prevent any split roll legislation from becoming law this year, threats to Proposition 13 are manifesting themselves beyond the Capitol.
Groups including ReFund LA Coalition and California Calls, both with strong union ties, are working to undermine Prop. 13, which limits property tax increases by basing them on the initial assessed value.
A split roll would allow counties to reassess rental and commercial property annually based on current market value, potentially costing California rental housing providers billions of dollars in new taxes. In 2009, CAA created Rental Housing Against Higher Taxes to battle split… Read More
Tagged: In the newsLegislatureTaxes
Strong opposition led by RHA Sacramento Valley persuaded the Sacramento Metropolitan Fire District to put its proposed property tax assessment on hold. This action spared rental property owners from a new annual assessment of $14 to $30 per unit. The Fire District had been seeking a special vote-by-mail election to gain approval of a new […]
Tagged: Taxes