SurfWax News Index  |  Track News  |  Save/Exchange Information |  About Us News and Articles on California Property Taxes Turlock to card room: Ante Up  Jan 17, 2008 Since the passage of Proposition 13 in 1978 capped California property taxes -- formerly the largest revenue stream to city governments -- local officials have had to get creative, Kerr said. Today, homes, apartment buildings and condominiums have a negative effect on cities' bottom lines, so expansive impact fees and aggressive development agreements are worked out on a project-by-project basis across California to keep local governments fiscally solvent. (Modesto Bee, CA) Not too late to support our schools  Nov 9, 2007 The yes vote constituted just 57 percent of ballots and 57 percent - here comes the irony - is the average amount California property taxes were reduced by Prop ... Thirty years ago a confluence of unfortunate forces conspired to radically inflate California property taxes. (Sonoma Index-Tribune, CA) Billionaire Warren Buffett -- a Case of the Guilts?  Jul 7, 2007 Incredibly, Buffett promptly urged an increase in California property taxes. Buffett also opposes repeal of the estate tax, considering it unfair for generation after generation to retain wealth, presumably preventing those in the lower classes (where he came from) from rising up. (Human Events Online) Back to Taxes News [ Terms Of Use | Privacy | About ] ©1998-2008 SurfWax, Inc. All rights reserved. Patents pending. Copyright SurfWax, Inc. 2008