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> your real estate taxes are more or less locked at that price and won’t rise as the value increases. Well it will rise 2% every year.
by jjav 6y ago
> your real estate taxes are more or less locked at that price and won’t rise as the value increases.
Well it will rise 2% every year.
- dragonwriter 6y ago> Well it will rise 2% every year. Less (excluding potential new or increased Mello-Roos fees), no matter how the real estate market goes, if, as has often been the case recently, general inflation is <2%/year since the cap on assessments is the lower of 2% or the actual rate of inflation.