Riverside New Residential Housing

This Institute study examined the potential impact of a new single family residential housing development on property tax revenues of cities in Riverside County. In order to ensure comparability between cities, the study referred to State Controller Reports which provided uniform definitions and reporting procedures for cities, allowing for a much more precise comparison between municipal revenue and expenditure data. The study first analyzed the property tax revenues and projected revenue growth of each city in the county compared to the increase in tax revenues generated by single family residential housing. The next section compared the increase in property tax revenues generated by new single family residential housing with the property tax revenues generated from other existing sources in each city. The final section examined the correlation between population growth and municipal services. The study concluded that new housing developments had a positive impact for most cities since residents of these new developments paid substantially higher per
capita property taxes than residents in existing neighborhoods.

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