Proposition 13

Register of Deeds

also called the people’s initiative to limit property taxation, a california state ballot measure and constitutional amendment passed in 1978 that limits property taxes to a maximum of 1% of a home’s assessed value. the measure also means that property taxes in california cannot rise more than 2% in a year, unless the property is sold, in which case the taxes for the new homeowner are calculated by using the home’s new assessed value.

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