A California property sells for $1,100,000 and is reassessed at that amount. The property is subject to the Proposition 13 base tax rate of 1%, a voter-approved bond rate of 0.05% of assessed value, and a fixed Mello-Roos charge of $2,400 per year. What is the total annual property tax bill?
Correct Answer
C) $13,950
Under Proposition 13 (Cal. Const. Art. XIII A), the base property tax is capped at 1% of assessed value: $1,100,000 × 1% = $11,000. Voter-approved bonds, which are exempt from Proposition 13's 1% cap under Article XIII A, Section 1(b), are calculated separately: $1,100,000 × 0.05% = $550. The Mello-Roos Community Facilities Act (Gov. Code §53311 et seq.) authorizes fixed special tax levies not tied to assessed value: $2,400. Total = $11,000 + $550 + $2,400 = $13,950.
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Owner A received and recorded a deed to a California property in January 2024. Owner B later received a deed to the same property in March 2024, paid fair market value, recorded the deed immediately, and had no actual or constructive notice of Owner A's prior deed at the time of purchase. Under California's race-notice recording statute, which owner prevails?
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A California homeowner dies and leaves her home to her adult son in her will. The son moves into the home and uses it as his primary residence. Under Proposition 19 (effective February 2021), what happens to the property's assessed value for property tax purposes?