I believe when Prop 13 was passed it limited a yearly increase of 1% but stipulated that assessments that property owners voted for would not be limited by the 1%.
Looks like that limit of 1% has basically been doubled by voters but that would probably depend on the district or area you live in.
Until Prop 13 was voted in our property taxes were increasing 5% to 6% a year as I recall, it was outrageous.
Wow 5 or 6% a year could get out of hand fast. Well as I understand it Prop 13 was 1% of the purchase price which would give your starting tax base rate and then it could go up to no more than 2% per year.
The way they get around it now is the parcel taxes which always pass in the area I live in and it is so frustrating. On my tax bill currently I have 4 different parcel taxes and they total about 1500.00 and they go on for
7 years or more and when they are going to sunset they are rolled back out in a new parcel tax for the children and so the cycle continues.
If you are a senior citizen you are exempt from the parcel tax but you must apply through the school district to get the exemption. If the seniors were not exempted I am assuming the taxes would not pass because hey why not vote “Yes” if you are not affected by it right.
Melo-Rouse