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Under Proposition 13, California property is reassessed to current market value when:

Correct Answer

D) There is a change of ownership

Under Proposition 13, property is reassessed to full market value upon a change of ownership (sale or transfer). Annual increases are otherwise capped at 2%.

Answer Options
A
Every 5 years automatically
B
The property owner makes improvements over $50,000
C
The county assessor requests it
D
There is a change of ownership

Why This Is the Correct Answer

Under Proposition 13, property is reassessed to full market value upon a change of ownership (sale or transfer). Annual increases are otherwise capped at 2%.

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