Property tax bills back on the rise




 
Property values are increasing in California.
The good news is Proposition 13 limits the annual increase in the property’s taxable value for inflation to 2 percent. This value is known as the “factored Proposition 13 value.”
Proposition 8, in contrast, allows a temporary reduction of the property’s taxable value to reflect the current market value when housing prices decline. Because a Prop. 8 reduction is only temporary, it requires the taxable value to be reviewe...

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