The City Council yesterday approved the Comprehensive Zoning Code Revision Ordinance, paving the way for the city to update its zoning code for the first time since 1946.
Category Archives: Governmental
Governmental agency policy changes or discussions. City, county, state, federal, or judicial. Related to industrial operations or land use.
California Foreclosure Process
An Overview – Property Tax & Assessment Process
It takes three separate Los Angeles County offices, Assessor, Auditor-Controller, and Treasurer and Tax Collector to produce and account for your property tax bill and payment.
Assessor. The Los Angeles County Assessor establishes the assessed value of your property by appraising the value of that property under applicable State laws. The assessed value is then placed on a list with all other properties in Los Angeles County and this list is called the “Assessment Roll.” The Assessor also approves and applies all exemptions, which are added to the Assessment Roll. The Assessment Roll is then presented to the Los Angeles County Auditor-Controller for further processing.
Auditor-Controller. The Los Angeles County Auditor-Controller adds direct assessments to the Assessment Roll then applies the tax rates, which consists of general (1%) levy and debt service (voter & bonded) tax rates to the value to create an Extended Assessment Roll. The Extended Roll is then sent to the Los Angeles County Treasurer and Tax Collector for individual tax bill distribution and payment collection.
Treasurer and Tax Collector. The Los Angeles County Treasurer and Tax Collector receives the Extended Roll, prints and mails the property tax bills to the name and address on the Extended Roll. The Treasurer and Tax Collector collects secured and unsecured taxes. Secured taxes are taxes on real property, such as vacant land, structures on land, i.e. business/office building, home, apartments, etc. Unsecured taxes are taxes on assessments such as office furniture, equipment, airplanes and boats, as well as property taxes that are not liens against the real property.
Vernon Warehouse Tax
After two years of deliberation a new City of Vernon Comprehensive Zoning Ordinance was approved by the City Council and became effective on January 16, 2008. Now the “2009 Issue” no longer will complicate owning property in Vernon. Industrial real estate brokers and prospective property buyers can now feel relieved regarding this issue.
However, not all is well in the Exclusively Industrial city. City officials are considering an increase in the Special Parcel Tax which was intended to support the improvement and maintenance of city streets. As the city’s businesses slowly changed from manufacturing to warehousing and distribution over the past few decades, the city sought increased revenues to address the infrastructure crumbling under the heavy truck traffic. Originally implemented in 1998, the tax applied to properties containing non-refrigerated warehouse uses, truck and freight terminal uses and other distribution uses.