Proposition 13 Protects California Property Taxes!

Tracy's Real Estate Talk~Episode 198

Proposition 13, adopted by California voters in 1978, mandates a property tax rate of one percent, requires that properties be assessed at market value at the time of sale, and allows assessments to rise by no more than 2 percent per year until the next sale. This proposition has helped so many people over the years continue to afford to live in their homes instead of suffering massive tax increase on their real estate. Prop 19, 60 & 90 have also had a major impact on homeowners in California. Reach out to me if you need help finding a solution to your real estate needs.

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