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With Prop 13, isn’t that depending on when you bought your house v.s. when your neighbors bought their houses?
Your taxes are based upon the purchase price. My next door neighbor pays twice what I do because he is the second owner and paid twice what I did. Its the way things work here to the benefit of long time ownership
I just looked at my tax bill. The L & I value is more than w
Purchase price. How is the value calculated?
The county assessor does make mistakes. In one of my prior homes I noticed a school district tax was being levied against my property when it shouldn’t have been.
I had the assessor look into it and he found I was right – me and many of my neighbors should not have had that tax so he removed it and refunded us the money.
Assessed value can go up by 2% per year every year. I’d plan on it happening just about every year and over time the compounding can add up. My house was 400k about 20 years ago. Assessed value is now up to 560k.