Under its initial
assessed valuation for fiscal 2012, the annual property taxes on the Palladium were $65,887.
Protesting
assessed valuations that are too high is one way owners can keep some control over rising costs.
The
assessed valuation in the other nine counties declined: Riverside County (-10.
The 2,332 commercial properties in Worcester have an average
assessed valuation of $821,138.
Westside property owners already pay about $18 per $100,000
assessed valuation on a tax approved in 1989 that nine years later was extended until 2026.
Those changes added $2 billion in
assessed valuation to the utilities but the other classes ended up paying for it.
2 million fund balance increase due mainly to increased property tax revenue associated with
assessed valuation growth.
The Antelope Valley Union High School District will place a $177 million bond on the June ballot to expand and improve high schools and build two new ones that would annually cost property owners about $30 per $100,000
assessed valuation.
Despite slowing population and taxable
assessed valuation (TAV) growth resulting from a maturing economy, revenue growth has received a boost from several prominent retail projects that recently opened.
Depending on how fast the
assessed valuation in the Westside district grows, the bond amount could range anywhere from $52 million to $75 million, Rossall said.
The 'AA' rating is based on Clark County School District's large and growing economic base, strong
assessed valuation and property tax revenue gains, moderate debt levels with rapid amortization, adequate financial position supported by sizeable state funding guarantee, and good long-term capital planning and management practices.
District officials are considering trying to pass the bond measure under Proposition 39, which would require approval by 55 percent, rather than two-thirds, of the voters and would cap taxes at $30 per $100,000
assessed valuation.
