a. Real Property Taxes
b. Ad Valorem Tax
c. Proposition 13
d. Homeowner’s Property Tax Exemption
e. County Assessor
f. Special Assessment Tax
g. Documentary Transfer Tax
h. Mello-Roos Liens
i. Alternative Minimum Tax
j. Progressive Taxes
1. ___ the law that limits the amount of taxes to a maximum of 1% of
the March 1, 1975 market value of the property, plus the cumulative increase
of 2% in market value each year thereafter.
2. ___ the county officer responsible for determining the assessed
valuation of land, improvements and personal property used in business.
3. ___ taxes determined according to the value of the real property;
paid annually or semi-annually.
4. ___ the cost of specific local improvements; levied by a city council
or a county board of supervisors, with the voters’ approval.
5. ___ municipal bonds issued to fund streets, sewers, and other infrastructure
needs before a housing development is built (to be paid by buyers).
6. ___ a tax applied to the consideration paid or money borrowed when
transferring property, except for any remaining loans or liens.
7. ___ a deduction on the property tax bill of the first 7,000 of assessed
value of an owner-occupied property.
8. ___ requires taxpayers, who make above a certain amount of gross
income, to figure their taxes twice, paying which ever amount is
higher.
9. ___ when tax rates increase as the amount to be taxed increases.
10. ___ means taxed “according to value.” It is a tax that is
charged in proportion to the value of the property.