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"Statewide property tax revenues are estimated to increase 6 percent in 2018-19 and 6.8 percent in 2019-20" [1] National average for property tax revenue growt

"Statewide property tax revenues are estimated to increase 6 percent in 2018-19 and 6.8 percent in 2019-20" [1] National average for property tax revenue growth is ~4% YoY [2]. TLDR, California sees a bigger Property tax revenue growth then the national average. [1] http://www.ebudget.ca.gov/2019-20/pdf/BudgetSummary/RevenueEstimates.pdf http://www.ebudget.ca.gov/2019-20/pdf/BudgetSummary/RevenueE... [2] https://www.bankrate.com/real-estate/property-tax-rates-us/ https://www.bankrate.com/real-estate/property-tax-rates-us/

bobthepanda 7y ago
https://www.mansionglobal.com/articles/are-property-taxes-actually-low-in-california-202899 https://www.mansionglobal.com/articles/are-property-taxes-ac... > But California’s effective tax rate is even lower. The effective tax rate is based on the market value of the home, and the most recent property tax bills for the county. In 2018, the state had an effective tax rate of 0.76%, according to Irvine, California-based ATTOM Data Solutions. California’s effective tax rate ranked 36th in the country, with the average property tax bill coming out to $5,354, according to ATTOM’s data. That lower effective property tax rate is because so many properties do not change ownership for decades or for generations, while property values have posted healthy increases, Mr. Soroy said.