Here is an example.

Rate 1.20%

Year Assess P13_Max Market Tax
1 500,000 500,000 500,000 6,000
2 510,000 510,000 600,000 6,120
3 500,000 520,200 500,000 6,000
4 400,000 530,604 400,000 4,800
5 450,000 541,216 450,000 5,400
6 500,000 552,040 500,000 6,000
7 550,000 563,081 550,000 6,600
8 574,343 574,343 600,000 6,892
9 570,000 585,830 570,000 6,840
10 597,546 597,546 600,000 7,171

Maximum increase in tax assessment is 2% compounded annually.

You can appeal to market. And assessor can reassess to market or maximum assessment. In reality it’s not always that automatic.

For example, in years 3, 4, and 9, you need to appeal to get a reduction in taxes.

It’s always better to start with the lowest tax basis because that affects your maximum tax assessment.

Edit: It didn’t come out right. The 3rd column is the maximum Prop 13 max.