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by lsaferite 4156 days ago
Does CA not have limits on property tax increases each year?

I live in FL and the homestead laws prevent the property taxes from raising more that a few percent each year as long it's the primary residence. So, my neighborhood can skyrocket in value and I won't find myself unable to pay my property taxes. The valuation resets on the sale of the property though.
1 comments
UnquietTinkerer 4155 days ago
I honestly don't know, but if Proposition 13 is still in effect [1] then it would appear you are right - property taxes can only increase by 2% a year.

[1] https://en.wikipedia.org/wiki/California_Proposition_13_%281...

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largote 4155 days ago
It is still in effect, unfortunately.
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lsaferite 4152 days ago
Why would that be unfortunate? I imagine it protects many people from losing their home due to out of control home valuations.
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