Transfer Of TitleTaxesEASY
California's Proposition 13 limits annual increases in the assessed value of real property to:
Correct Answer
B) 2%
Proposition 13 limits annual increases in assessed value to 2% per year, unless there is a change in ownership or new construction.
Answer Options
A
1%B
2%C
3%D
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Related Concepts
Many states have laws to limit how much property taxes can increase each year, regardless of market value fluctuations.
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