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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 percen
by lsaferite 12y 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.
- UnquietTinkerer 12y agoI 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_%281978%29 https://en.wikipedia.org/wiki/California_Proposition_13_%281...