Property taxes increase when a property changes ownership. The taxable value of most properties is less than what they could be sold for. This is because the price most properties could sell for grows faster than 2 percent per year. Because of this, when a property...
As a homeowner, you are expected to pay property taxes. And sometimes, especially if you’re a new homeowner, these taxes and charges can cause overwhelm and confusion. We’re here to help you gain clarity regarding real estate taxes in the state of California....
