Tonight the Redding City Council voted to send a letter to Google inviting Google to bring ultra high speed fiber to Redding and Shasta County. If you go to Google.com and enter the site, you can help the cause by completing their survey. The more the better, for they are looking for numbers.
thanks,
Ron Largent www.largent2010.com
Tuesday, March 16, 2010
Monday, March 15, 2010
California Real Estate Prop 8...Are you in?
Did you know?
Proposition 8 requires the county assessor to annually enroll either a property’s adjusted base year value (Proposition 13 value) or its current market value, whichever is less. When the current market value replaces the higher Proposition 13 value on the assessor’s roll, that lower value is commonly referred to as a “Prop 8″ value.
Although the annual increase for a Prop 13 value is limited to no more than two percent, the same restriction does not apply to values adjusted under Prop 8. The market value of a Prop 8 property is reviewed annually as of January 1; the current market value must be enrolled as long as the Prop 8 value still falls below the Prop 13 value. Thus, any subsequent increase or decrease in market value is enrolled regardless of any percentage increase or decrease. When the current market value of a Prop 8 property exceeds its Prop 13 value (adjusted for inflation), the county assessor reinstates the Prop 13 value.
Proposition 8 will be followed to the extent allowed by law when I am elected Shasta County Assessor Recorder. Guaranteed.
Ron Largent
www.largent2010.com
Proposition 8 requires the county assessor to annually enroll either a property’s adjusted base year value (Proposition 13 value) or its current market value, whichever is less. When the current market value replaces the higher Proposition 13 value on the assessor’s roll, that lower value is commonly referred to as a “Prop 8″ value.
Although the annual increase for a Prop 13 value is limited to no more than two percent, the same restriction does not apply to values adjusted under Prop 8. The market value of a Prop 8 property is reviewed annually as of January 1; the current market value must be enrolled as long as the Prop 8 value still falls below the Prop 13 value. Thus, any subsequent increase or decrease in market value is enrolled regardless of any percentage increase or decrease. When the current market value of a Prop 8 property exceeds its Prop 13 value (adjusted for inflation), the county assessor reinstates the Prop 13 value.
Proposition 8 will be followed to the extent allowed by law when I am elected Shasta County Assessor Recorder. Guaranteed.
Ron Largent
www.largent2010.com
Tuesday, March 9, 2010
Homeowners Exemption in California
As I travel about talking to folks about my candidacy for the position of Shasta County Assessor-Recorder, I am often asked, "what is the homeowners exemption?"
Here is some info on the exemption:
HOMEOWNERS' EXEMPTION: A property owner may claim a Homeowners' exemption on a residence they own and occupy as their primary residence at 12:01 a.m. on January 1; or qualifies within 30 days of change in ownership or new construction for which a Supplemental Assessment is levied. The exemption reduces your assessed value by $7,000 and reduces the tax bill by approximately $70 if filed timely. It is the homeowner's responsibility to apply for the exemption. To receive the full exemption, you must file with the Assessor's Office on or before February 15, or within 30 days of a Notice of Supplemental Assessment. A late filing is accepted from February 16 to December 10 for 80% of the exemption. The exemption continues each year as long as the property is owned and occupied as the primary residence. It is the homeowner's responsibility to terminate the exemption when no longer eligible.
This is the kind of information that will go out to all taxpayers upon my election to the office, and this notice will be published on January 1, 2011.
Ron Largent www.largent2010.com
Here is some info on the exemption:
HOMEOWNERS' EXEMPTION: A property owner may claim a Homeowners' exemption on a residence they own and occupy as their primary residence at 12:01 a.m. on January 1; or qualifies within 30 days of change in ownership or new construction for which a Supplemental Assessment is levied. The exemption reduces your assessed value by $7,000 and reduces the tax bill by approximately $70 if filed timely. It is the homeowner's responsibility to apply for the exemption. To receive the full exemption, you must file with the Assessor's Office on or before February 15, or within 30 days of a Notice of Supplemental Assessment. A late filing is accepted from February 16 to December 10 for 80% of the exemption. The exemption continues each year as long as the property is owned and occupied as the primary residence. It is the homeowner's responsibility to terminate the exemption when no longer eligible.
This is the kind of information that will go out to all taxpayers upon my election to the office, and this notice will be published on January 1, 2011.
Ron Largent www.largent2010.com
Monday, March 8, 2010
Veterans Exemptions
This is an example of what I am going to make known and understood by each taxpayer as it applies.
TOTALLY DISABLED VETERANS’ EXEMPTION: If you are a veteran who is rated 100% disabled, blind, or a paraplegic due to a service connected disability while in the armed forces (or if you are the unmarried widow of such a veteran), you may be eligible for an exemption of up to $100,000 or $150,000 (adjusted annually for inflation since January 1, 2006) of the assessed value of your home.
The filing period for Veterans’ and Disabled Veterans’ Exemptions is on or before February 15 for full exemption. A partial exemption may be available for a claim filed after February 15. An annual filing is needed for the higher exemption amount which is based on the claimant’s annual income. The lower exemption amount generally only requires a one time filing. The filing period for supplemental assessment due to change in ownership, is within 30 days from the date of the Supplemental Notice for full exemption amount.
NOTE: A property owner may NOT have more than one exemption, such as the Homeowners’, Veterans’, or a Disabled Veterans’ exemption on the same property. Applications and additional information may be obtained at the Assessor’s Office.
Ron Largent for Shasta County Assessor-Recorder www.largent2010.com
TOTALLY DISABLED VETERANS’ EXEMPTION: If you are a veteran who is rated 100% disabled, blind, or a paraplegic due to a service connected disability while in the armed forces (or if you are the unmarried widow of such a veteran), you may be eligible for an exemption of up to $100,000 or $150,000 (adjusted annually for inflation since January 1, 2006) of the assessed value of your home.
The filing period for Veterans’ and Disabled Veterans’ Exemptions is on or before February 15 for full exemption. A partial exemption may be available for a claim filed after February 15. An annual filing is needed for the higher exemption amount which is based on the claimant’s annual income. The lower exemption amount generally only requires a one time filing. The filing period for supplemental assessment due to change in ownership, is within 30 days from the date of the Supplemental Notice for full exemption amount.
NOTE: A property owner may NOT have more than one exemption, such as the Homeowners’, Veterans’, or a Disabled Veterans’ exemption on the same property. Applications and additional information may be obtained at the Assessor’s Office.
Ron Largent for Shasta County Assessor-Recorder www.largent2010.com
Are you paying too much in property tax?
It’s almost impossible today to avoid a news article or story referencing how much property values have declined. If you are a property owner in California then you probably are well aware that property values have been affected here more so then almost anywhere else in the United States. With property values decreasing, in some areas, as much as 30% in one year, there is a very good chance that you may be over paying on your property taxes.
Ron Largent for Shasta County Assessor - Recorder www.largent2010.com
It’s almost impossible today to avoid a news article or story referencing how much property values have declined. If you are a property owner in California then you probably are well aware that property values have been affected here more so then almost anywhere else in the United States. With property values decreasing, in some areas, as much as 30% in one year, there is a very good chance that you may be over paying on your property taxes.
Ron Largent for Shasta County Assessor - Recorder www.largent2010.com
Decline In Value- Prop 8 (Prop 13)
Important factors to remember related to a Decline in Value review on your property:
This type of property tax relief generally applies to more recently purchased property.
Property acquired after January 1, 2010 are not eligible for Proposition 8 review for the 2010-11 tax year.
The Assessor will be valuing the property as of the most recent January 1st.
Certified Appraisers will analyze sales and other information for comparable properties.
Property tax payments are due as indicated on your property tax bill. If a reduction in assessed value is warranted, a notice of correction and revised tax bill or refund will be processed by the County Tax Collector and County Auditor.
This type of property tax relief generally applies to more recently purchased property.
Property acquired after January 1, 2010 are not eligible for Proposition 8 review for the 2010-11 tax year.
The Assessor will be valuing the property as of the most recent January 1st.
Certified Appraisers will analyze sales and other information for comparable properties.
Property tax payments are due as indicated on your property tax bill. If a reduction in assessed value is warranted, a notice of correction and revised tax bill or refund will be processed by the County Tax Collector and County Auditor.
Daniel Rodriguez Sings in Redding
Tonight was the Daniel Rodriguez concert at the Shasta Community Concerts Night at the Convention Center, and what an outstanding night it was. Rodriguez, the “singing NYPD cop”…is a wonderful classical tenor that belongs on the Broadway stage. An inspiring program, if you ever have a chance to hear him, take it. Great program.
Ron Largent www.largent2010.com
Ron Largent www.largent2010.com
Proposition 13 and Prop 8 in California
As I travel about talking to folks in Shasta County in my bid for the County Assessor-Recorder, I am frequently asked "what is Prop 8?". It is not the marriage prop recently passed in California, but rather the follow on to Proposition 13 passed by in 1978....and Prop 8 came shortly thereafter.
Proposition 8 - Temporary Decline in Value
Proposition 8 was passed in 1979 and requires the Assessor to temporarily lower the assessed value of property. Under Proposition 8, the Assessor will review the market value as of January 1st, and enroll the lower value for the following tax year.
Reductions in assessed value under Proposition 8 are temporary and are reviewed annually until the factored base year value is again lower than market value and is reinstated.
Your assessed value can increase more than 2% in a single year if you have new construction (e.g. adding a room or swimming pool), had a temporary reduction due to Prop. 8, or had a qualifying change in ownership. Some property owners whose properties were in the Decline in Value Program may see an increase in their assessed value more than two percent (2%) when restoring to the factored base-year value.
Ron Largent www.largent2010.com
Proposition 8 - Temporary Decline in Value
Proposition 8 was passed in 1979 and requires the Assessor to temporarily lower the assessed value of property. Under Proposition 8, the Assessor will review the market value as of January 1st, and enroll the lower value for the following tax year.
Reductions in assessed value under Proposition 8 are temporary and are reviewed annually until the factored base year value is again lower than market value and is reinstated.
Your assessed value can increase more than 2% in a single year if you have new construction (e.g. adding a room or swimming pool), had a temporary reduction due to Prop. 8, or had a qualifying change in ownership. Some property owners whose properties were in the Decline in Value Program may see an increase in their assessed value more than two percent (2%) when restoring to the factored base-year value.
Ron Largent www.largent2010.com
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