property tax

More than 250 offences across 117 laws penalise delays in filing documents - everything from wealth and property tax returns to gift declarations, the report finds.

Smith said the slowdown in housing development is depriving the city of property tax growth, which in turn reduces its ability to deliver services.

The fire recovery estimate includes $1 billion in lost revenue, mostly from property taxes, and $1 billion to cover soil testing, debris removal and beach cleanup and other costs, Davenport said.

The UCLA-Rand analysis follows a study released last week that found declining sales it attributed to ULA have led to a $25-million annual loss in property tax revenue, which will compound in coming years.

This effect, combined with the slowdown in residential transactions, is impeding property tax growth.