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By comparing California over the period 1970 to 2000 with other states, (using data from the US Census Bureau, not state or county-level property records): 9 Wasi and White (2005) estimated that Proposition 13 caused homeowners to increase the duration of time spent in a given home by 9% (1.04 years), and renters to increase their tenure by 18% ...
Costa–Hawkins Rental Housing Act. The Costa–Hawkins Rental Housing Act ("Costa–Hawkins") is a California state law, enacted in 1995, which places limits on municipal rent control ordinances. Costa–Hawkins preempts the field in two major ways. [1] First, it prohibits cities from establishing rent control over certain kinds of residential ...
The difference between the in-place rent and the ERV is the reversionary value of the property. For example, with passing rent of $160,000, and an ERV of $200,000, the property is $40,000 reversionary. Holding the valuers cap rate constant at 8%, we could consider the property as having a current value of $2,000,000 based on passing rent, or ...
On November 4, 2008, voters in King County (Seattle) approved a 0.5% increase in the sales tax. Taxes within the city were increased to 9.5% on retail purchases. This increase was supposed to be effective 1 January 2009, but was pushed back until April 2009. (For the first quarter of 2009, the tax rate in Seattle was 9%.)
Updated April 19, 2024 at 3:29 PM. Three police officers have been charged in the death of a Northern California man who was pinned facedown on the ground for more than five minutes. The Alameda ...
Workers should see larger paychecks starting in January 2024. Most workers’ pay raises will be processed “before the end of the calendar year,” wrote spokesperson Camille Travis in an email.
David Walter Banks. A California man was indicted by a federal grand jury in Atlanta on charges of threatening Fulton County District Attorney Fani Willis, the U.S. Attorney's Office for the ...
The value of all L.A. County property is at a record $1.997 trillion, with $20 billion in taxes funding public services, including schools and medical care. L.A. County property values hit a ...
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