property tax

The fire recovery estimate includes $1 billion in lost revenue, mostly from property taxes, and $1 billion to cover soil testing, debris removal and beach cleanup and other costs, Davenport said.

The UCLA-Rand analysis follows a study released last week that found declining sales it attributed to ULA have led to a $25-million annual loss in property tax revenue, which will compound in coming years.

This effect, combined with the slowdown in residential transactions, is impeding property tax growth.

Smith said the decline led to a $25-million annual loss in property tax revenue, and that loss will compound over the next few years.

In the meantime, Anaheim could cash in on a nine-figure land sale, then generate property taxes and sales taxes from the stadium site.