Prior to Proposition 13, the property tax rate throughout California averaged a little less than 3% of market value. Additionally, there were no limits on increases for the tax rate or on individual ad valorem charges. Some properties were reassessed 50% to 100% in just one year and their owners’ property tax bills increased accordingly.Read More
Do you own a home in which you are reluctant to sell it due to the concern that you will lose your prop 13 tax benefits?
If so, you might qualify under prop 60 or 90 to transfer your base year value from your current home to the replacement property.Read More