[quote=pencilneck]Thanks Sk! Very good explanation.
I still didn’t really get it until I saw a chart that illustrated what you were saying. But you were spot on. http://www.stancounty.com/assessor/pdf/prop8-13.pdf%5B/quote%5D
Pencilneck:
That explanation and graph is a very good description of the law. I recommend it to everyone confused by Prop 13.
Now, the question you have not yet answered: what is your property really worth?
