CA Property tax question: If your home is appraised will your tax rates be based on the appraised value?

Rossonero NorCal SFECU asked:


Or does prop. 13 force counties to stick with the original price a buyer paid for the home? I want to take a very small home equity loan out ($5,000), but it may not be worth it if my tax bill goes up 50%.

first home buyer loan

Tags: Prop 13, Property Tax, Tax Question

This entry was posted on Wednesday, December 30th, 2009 at 3:03 am and is filed under Renting Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

2 Responses to “CA Property tax question: If your home is appraised will your tax rates be based on the appraised value?”

1. Mr Placid Says:
   January 1st, 2010 at 3:13 am

   first home buyer loan

   No! That’s what Prop 13 mandated. Once your home is given an assessed value by the county assessor (which does not necessarily need to be the purchase price, by the way), then it will not be reassessed again until you sell it.

2. CHARLIE Says:
   July 2nd, 2010 at 7:41 am

   
   

   Pillspot.org. Canadian Health&Care.Special Internet Prices.Best quality drugs.No prescription online pharmacy. No prescription drugs. Order drugs online…

   Buy:Zithromax.Soma.VPXL.Viagra Professional.Tramadol.Maxaman.Viagra.Viagra Super Active+.Viagra Soft Tabs.Cialis Super Active+.Propecia.Cialis.Viagra Super Force.Cialis Soft Tabs.Cialis Professional.Levitra.Super Active ED Pack….

Leave a Reply