Posted October 05, 2019 04:20:19 If you’re wondering how much property tax will rise for the next year, this is what you need to know.
Oakland’s property tax rate will go up, starting in July 2019.
The increase comes with some caveats, though: The City Council is still looking at whether to make the increase retroactive to April 2018, so if the council votes in favor, the property tax hike will be effective July 1, 2019.
If it doesn’t, it’ll be retroactive from April 2018 through March 2019.
Here’s a rundown of the changes: The amount of property tax that’s going up will be roughly the same as it is now.
The City is hoping to get the rate to roughly the level of Oakland’s 2017 rate, which is roughly $3,000.
That’s a pretty large increase compared to the $200 property tax increase for 2016.
The City also has been working to lower property taxes for the first time since the financial crisis, which means the amount that’s being raised will be slightly lower, but not by much.
The amount that Oakland will have to raise is about $2,000 per year, which, assuming the City Council passes an increase in April, will be about $7,500 per year.
If you’re considering moving to Oakland, we highly recommend reading this post that gives you a great guide to what it’s going to be like.
So, if you’re thinking about moving to the Bay Area, you’ll want to make sure that you’re familiar with the properties tax rates in your region.
And if you do decide to move to Oakland soon, keep reading to find out how you can save even more money.