5 ms·

My understanding is that that is the rule in most states. Is where I live. I don't know about CA.

• onlyrealcuzzo 4y ago
  States and counties are starting to move away from this. Michigan essentially has a prop 13 that limits property tax increases to below what the average inflation rate is (far below average home price appreciation). Counties like Allegheny in Pennsylvania (Pittsburgh) simply just haven't reassessed properties since 2012 - which is actually even more regressive than Prop 13 in CA and the equivalent in Michigan. I imagine in the near future Prop 13 equivalents will become more common, not less. Voters vote for what's good for them, not what's fair.
  • intrasight 4y ago
    In Allegheny myself (perhaps you saw that). You are right that having such a law doesn't mean that it will be enforced. That's what the courts are for. https://www.publicsource.org/allegheny-county-property-tax-appeal-assessment-lawsuit-unbalanced/ https://www.publicsource.org/allegheny-county-property-tax-a...
    • onlyrealcuzzo 4y ago
      I didn't see that - but thanks for the link [=