$700 million decrease in Contra Costa County tax base threatens schools, fire districts

contra costa county assessor, gus kramer, decline in tax base, government servicesThe Contra Costa County tax base declined by $700 million according to Assessor, Gus Kramer, who released the Assessment Roll for 2011-2012. This does not bode well for county services as property values fund county fire, schools, special districts, county admin, and impacts local police.

Experts suggest the property tax loss combined with revenue triggers embedded in the recently passed California budget could devastate school funding. Meanwhile, County Fire Departments are which receive over 95% of their funding from property taxes, are also at risk of budget shortfalls that could force staff reductions and station closures.

Tax Assessment Report Contra Costa County 2011-12