THEY SAY
Property-Assessment Increases
From the California Taxpayers’ Association’s April 23 Caltaxletter:
Assessed value of property in California increased 7.3% in 2003-04, according to the State Board of Equalization. Of the nine counties with rolls exceeding $100 billion, Riverside led the way with an 11.8% increase, followed by San Diego (9.5%), San Bernardino (8.6%), Contra Costa (8.1%), Los Angeles (7.4%), Orange (6.7%), and Alameda County (6.5%). Despite the misinformation spewed by Proposition 13 critics, property tax revenues continue to grow faster than population growth and inflation and provide sound funding for governments. If local governments are having budget problems, it is not the fault of Proposition 13.
