![]() And secondly, it restricts increases in assessed value to 2% per year. ![]() ![]() The law has two important features.įirst, it limits general property taxes (not including those collected for special purposes) to 1% of a property’s market value. Property taxes in California are limited by Proposition 13, a law approved by California voters in 1978. California Property Taxes Photo credit: ©/DustyPixe
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