There are 2 item(s) tagged with the keyword "prop 13".
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- 1. When is real property reappraised?
Under State law (Proposition 13), real property is reappraised only when a change-in-ownership occurs, or upon completion of new construction.
- 2. Property owners may benefit from requesting a temporary reassessment of their property tax values
In the wake of a general decline in real estate values in recent years, some property owners may benefit from requesting a temporary reassessment of their property tax values under the provisions of Proposition 8. Residents who may benefit most from reassessment are those who paid top dollar for new or existing homes in the past three years.