There’s a difference between 1% of a million and 1% of 100k.
Tax assessors set the tax assessed value year over year.
Why have tax assessed property values soared?
It’s a shell game.
State has been ripping counties who in turn rip property owners..
I was in CA during the Prop 13 campaign. I got an education on property taxes I didn’t want but was forced to endure.
The same happens up and down the West Coast. In WA State, the property tax rate is also at 1% but my property taxes have tripled, how is that?
Tax assessed value.
if you stay in the house in Cal it doesn’t matter if values soar. Tax not effected