0021RESOLUTION N0, 21
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROLLING HILLS, CALIFORNIA, PROTESTING THE INCREASE
IN THE ASSESSED VALUATION OF REAL PROPERTY IN THE
CITY OF ROLLING HILLS. ,
. WHEREAS, the City of Rolling Hills is a residential
community of families, where -taxable property consists of
365 homes and 232 home sites, all under deed restrictions
for one -family occupancy; and
WHEREAS, the said resident families were attracted to
the area by its dedication to exclusive residential develop-
ment at moderate land prices; and
WHEREAS, during the past five years, 1952 to 1956
inclusive, while the number of homes in the district has
increased by 58% and the,..population by 53°x, property taxes
have increased 177% and now impose an excessive and unequal
burden upon residents of the City and their property; and
WHEREAS, the said excessive and unequal tax burden is
due primarily to the increased assessment of homesites, which
appear to be valued by some yardstick,other that that of use
and occupation by families which created the -community, as,
for examples the assessed value of one-fourth the smaller
homesites are valued higher than the improvements, thus
adding greatly to the -estimated annual tax burden of such
families; and
WHEREAS, the excessive valuation of this residential
community - and the Palos Verdes School District - deprives
the district of the State Apportionment of School Funds,
the current rate being only $140 per pupil, even though
the District is almost exclusively residential in character,
and;
WHERE,A.S, the current burden of general and district taxes
is to be augmented by an increase of improvement valuations
by a 15% average for fiscal�1957=58, thereby increasing the
average home assessment by $930, so that State Apportionment
for the Palos Verdes School.District will be further diminished
and property taxes automatically increased; and
WHEREAS, a diligent study of the current assessment of
other residential property in Los Angeles County, of corres-
ponding market value, has been made in behalf of the people
of Rolling Hills to a conclusion that both the current and
proposed assessment of Rolling Hills property is higher by
at least 25% than such other residential property; now,
THEREFORE BE IT RESOLVED by the City Council of Rolling
Hills that the said increased assessments of Rolling Hills
homesites, and the improvements thereon, is a most serious
threat to the peace and economic security of this community
and should be remedied for the tax year commencing March 4.
1957; and.
BE IT FURTHER RESOLVED THAT; (1) a copy of this
Resolution be entered in the records of this Council for
continued attention; and (2) that. a copy be delivered to
John R, Quinn, County Assessor of Los Angeles County.
1957. PASSED, APPROVED, AND ADORED, THIS 25th day of February,
ATTEST: Mayor of e City off' f8o1 in
City Clerk
✓ 4PPROVED AS TO FORM;