Who sets property tax rates?

Property tax rates in California are set by local governments. This includes counties, cities, and special districts, such as school districts. All of these entities are allowed to levy a property tax in California. Each of these local governments sets their own property tax rate, which is then applied to the assessed value of the property. This means that even if two properties have the same value, the rate applied to each could be different, depending on the local government that has jurisdiction over it. The rate is usually expressed in terms of a percentage of the assessed value. The property tax rate also determines how much each individual property owner will pay in property taxes each year. This is typically calculated by multiplying the assessed value of the property by the local property tax rate. Every county, city, or other governing body sets different rates, so it can vary from one jurisdiction to the next. In California, local governments are also allowed to offer some property tax exemptions, which may reduce the amount of taxes paid. These exemptions vary from jurisdiction to jurisdiction, and may include exemptions for veterans, seniors, or those with low incomes.

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