The city tax on utility bills will be discontinued if you meet the following requirements: 1. Married couple with gross income under $7500. 2. Single persons with gross income under $5000. 3. Anyone who is eligible for Social Security, aged, blind or disabled categories. Fill out the appropriate form and return it to City Hall before October 31 to avoid the tax for 1975. Eligibility must be reestablished year.
For the first time people 62 years old and over and those on disability may get substantial tax relief. They must file between May 16 and August 31 to the Franchise Tax Board office at 3325 Wilshire Blvd. or Senior Citizens Property Tax Assistance- P. O. Box 1588 Sacramento. Proof of age or disability required.
The City of Los Angeles has filed a suit charging that revenue from unincorporated cities is insufficient to cover the costs of services to them. If the suite is successful, it will mean higher taxes for unincorporated areas.
Due to the increased property tax assessments throughout the State, the $1750 exemption will begin to disappear. This will hit lower income home owners hardest.
For the fourth year Arcadia property tax rate has been set at $.94 per $100.00 assessed valuation. This is the lowest it has been since 1914 when it was $.60 The highest rate was $1.98 in 1945.
The City Council will consider lowering the Utility Tax. City Finance Director, Charles Reiman, will give the necessary background in the City's need for revenue.
The City of Los Angeles plans to file a suit against Los Angeles County and welcomes other cities to join in a class action suit to force the County to tax residents of unincorporated areas directly for services provided. This would, in effect, lighten the burden on incorporated cities and residents.
City Manager Lyman Cozad is assuming that there will be a 25% increase in assessed valuation which should make budgeting easier for 1976-77, but will not result in a lower tax rate.
As far as the School District is concerned, the 39.99% reassessment of property due this November for Arcadia won't add much to school funds because when a district's own income goes up, state aid goes down.
Assessed valuation notices were sent July 12 to property owners throughout Los Angeles County. Arcadians were hit with an average increase of 42%. Figures for other San Gabriel Valley communities given.
Mayor Floretta Lauber and other City Council members will go before the Los Angeles County Board of Supervisors to ask them to cut the County tax rate.