California’s Taxable Property Passes $5 Trillion
The total for the 2015-16 tax roll, $5.2 trillion, is a 5.9 percent increase from the previous year’s $4.9 trillion and should generate about $57.3 billion in property taxes for schools and local governments, roughly $3 billion more than the current year’s levies. The state government also benefits because increases in school property taxes reduce the legal requirement for state aid.