So many will be better at answering then I… Rus you probably know….
So I believe after you build and then convert the construction loan to a mortgage then I “believe” the assessment will be based on the new appraisal.
That is JUST MY GUESS though so don’t take it as gospel. Assume your property tax will be 1.15% after taking bond measures and such into account. You can read up on Prop 13 to find out about the cap on annual increases… It is pretty stringent but yeah they do go up a little bit each year. Like I said, google california prop13 and read up…I am to lazy this morning to do it.
