The Truth about Property Taxes

Attention homeowners and renters, IF the city decides to add a supplemental property tax to pay off E&B when the voters no on oil drilling in Hermosa Beach, it will be a very small amount of money, according to the Final Cost Benefit Analysis @ $150 per year per $1M of assessed property value.  It also states that Hermosa Beach can handle the pay off without raising property taxes.

The city manager has also said that the city can pay off E&B without raising property taxes as well.

Supplemental Property Tax "What If" Scenario from Final Cost Benefit Analysis

Supplemental Property Tax “What If” Scenario from Final Cost Benefit Analysis

— Busting the “rents and taxes will sky rocket” myth…

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