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RESOLUTION NO. 860
RESOLUTION OF THE TOWN OF LOS ALTOS HILLS URGING 1
APPROVAL OF ASSEMBLY CONSTITUTIONAL AMENDMENT NO. 22
RELATING TO ASSESSMENT FOR TAX PURPOSES
RESOLVED, by the City Council of the City of the Town of Los Altos
Hills, County of Santa Clara, State of California, that
WHEREAS, there has been introduced Assembly Constitutional Amendment
No. 22 proposing an amendment of the State Constitution to provide that for
property tax assessment purposes, the "full value" of a dwelling which is a
principal place of residence would be the purchase cost of any substantial
improvements thereto; and
WHEREAS, the City Council is of the opinion that the existing procedure
by which taxable property is assessed at a percentage of "full cash value"
presently defined to be "fair market value" is both unfair and unreasonable
to the residents of Los Altos Hills and other communities within the State
of California because the procedure allows the Assessor's appraisers to
exercise their subjective judgment based upon property value estimates founded
on speculation before the fact; and
WHEREAS, in the opinion of the City Council the passage of an Amendment
and its approval by the electors would result in a stabilized, equitable and
definitive formula to determine the real value of a dwelling for tax purposes,
and would create a bench mark for the purchaser of each dwelling by which he
could compute the probable future taxes on his property, and would also bring
about a reduction in the tax burden sustained by a property owner who has owned
and lived in his home and supported his Community over a long period of time; and
WHEREAS, Homeowners on fixed income and others whose income fails to keep
pace with "inflation" as determined by "comparable sales" formulae become
unfortunate victims of confiscatory assessment procedures through no fault
of their own and remain in constant jeopardy of loss of home and land; and
WHEREAS, constant tax increases based upon "comparable sales" is
inflation inducing and sustains and nourishes a burgeoning bureaucracy;
NOW, THEREFORE, BE IT RESOLVED that the City Council of the Town of
Los Altos Hills does hereby go on record as supporting the concept of
Assembly Constitutional Amendment No. 22 and does urge the Assembly of the
State of California to adopt a Resolution proposing an amendment relating to
taxation described above, thereby affording the voters of the State an
opportunity to approve this important change.
BE IT FURTHER RESOLVED that the City Clerk of the Town of Los Altos
Hills is hereby directed to transmit a certified copy of this Resolution forthwith
to the following: Governor Edmund G. Brown, Jr. ; Assemblyman Richard Hayden;
Senator Jerome Smith; Senator Alfred Alquist; Assemblyman John Vasconcellos;
Assemblyman Frank Murphy; Chairman, Santa Clara County Inter-City Council ; the
Santa Clara County Taxpayers Association; President, League of California Cities;
Assemblyman Victor Calvo, and the Assembly Committee on Revenue and Taxation.
* * * * * **
I HEREBY CERTIFY that the foregoing Resolution was passed and adopted at
a regular meeting of the City Council of the Town of Los Altos Hills held on
the 15th day of January, 1975, by unanimous Council vote.
ATTEST:
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CITY 'CLERK ,