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Q.When is California real estate reappraised?
A.In California, real estate is reappraised when a change-in-ownership occurs, and upon completion of new construction. Except in these two instances, property tax assessments cannot be increased by more than 2% annually, based on the California Consumer Price Index.
The property tax rate is presently 1% plus any bonds, fees, or special charges that apply in your local area.
IRS Circular 230 Disclosure: As required by U.S. Treasury Regulations, you are hereby advised that any written tax advice contained on this web site is not written or intended to be used (and cannot be used) by any taxpayer for the purpose of avoiding penalties that may be imposed on a taxpayer under the U.S. Internal Revenue Service.
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