CLWA WILL CUT PROPERTY TAXES.Byline: Daily News SANTA CLARITA Santa Clarita, city (1990 pop. 110,642), Los Angeles co., S Calif., suburb 30 mi (48 km) NW of downtown Los Angeles, on the Santa Clara River; inc. 1987. Situated in the Santa Clara valley and nearby canyons, Santa Clarita includes the former towns of Canyon Country, - The average Santa Clarita Valley The Santa Clarita Valley is the valley of the Santa Clara River in Southern California. It stretches through Los Angeles County and Ventura County. Its main population center is the city of Santa Clarita. The valley was part of the 48,612-acre (19,672. homeowner will save close to $400 this year in property taxes paid to the Castaic Lake Castaic Lake is a lake on Castaic Creek formed by Castaic Dam, in northwestern Los Angeles County, California, near the town of Castaic. The 323,700 acre foot lake (399,000,000 m³) is the terminus of the West Branch of the California Aqueduct, though some comes from the 154 mi² Water Agency, the result of a vote this week by the agency board. The 11-member board agreed Wednesday night to cut the property tax rate from 6.6 cents per $100 of assessed value to 5.6 cents per $100 of assessed value - about $393 a year in savings for the owner of a $400,000 home. The water agency imports water from Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern , stores it in Castaic Lake and sells it to local water retailers. The tax cut was possible in part because of skyrocketing property values - the average price of a resale resale n. selling again, particularly at retail. In many states a "resale license" or "resale number" is required so that the state can monitor the collection of sales tax on retail sales. RESALE. home in the valley has topped $500,000 and new homes have an even higher median price, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. trade organizations. Property tax paid to the agency has increased accordingly. ``Any time we are able to reduce costs and fees, we pass those savings on to those that pay those particular costs and fees - in this case, valley property owners,'' board President Peter Kavounas said in a statement. The board took similar action the past two years after doubling rates in 2001 to 12 cents per $100 of assessed value. That step was taken to manage rising costs resulting from the energy crisis. Officials said at the time that the agency's power bill had increased from $2 million annually to $21 million. Like all State Water Project contractors, Castaic has the authority to collect property taxes as well as water charges. |
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