Description
Proposition 13, approved by California voters in 1978, regulates property taxation in the state, including limitations on increases in assessed property values. Proposition 13 also sets the taxation rate at 1% of assessed values (not including special assessments or voter-approved bonds).
For a more detailed summary on Proposition 13, visit the LAO website.
Also, the County Assessor will have additional information on Proposition 13.
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