3,138,811
Here is a link of all states.
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Kathleen Daniels, Prob...
San Jose, CA
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Inna Ivchenko
Encino, CA
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
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Diana Dahlberg
Pleasant Prairie, WI
1,201,477
capped? We have a provision called Prop 2½. It caps prop tax revenue at 2½% over the previous year. If the need is there the Town must vote on an Override of Prop 2½.
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Kathleen Daniels, Prob...
San Jose, CA
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Bob "RealMan" Timm
Minot, ND
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John Juarez
Fremont, CA
1,323,044
With California Proposition 13 added to control runaway property tax increases back in the 1970s, property tax is 1% of assessed value (usually the purchase price) and cannot rise more than 2% per year...no matter what the cost of living increase is. During the recession, due to falling property values, property taxes actually went down for many homeowners. As values have since gone up, so have property taxes.
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Kathleen Daniels, Prob...
San Jose, CA
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Bob "RealMan" Timm
Minot, ND
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Doug Dawes
Topsfield, MA
195,522
In Florida, the value of the property can increase 3% annual for homestead and 10% for other property. When the property changes hands, it is reassessed to the appropriate value.
The tax rate can increase as much as the local officials want to vote to increase it.
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Bob "RealMan" Timm
Minot, ND
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John Juarez
Fremont, CA
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Doug Dawes
Topsfield, MA
3,349,404
"Proposition 13 (1978) limits the property tax rate to one percent of the property’s assessed value plus the rate necessary to fund local voter-approved debt. It also limits increases on assessed values to two percent per year on properties with no change of ownership or no new construction."
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
1,624,853
Property taxes in California are limited by Proposition 13, a law approved by California voters in 1978. The law has two important features. First, it limits general property taxes (not including those collected for special purposes) to 1% of a property's market value.
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
381,017
the only caps come with appeals and last for 3 years. If you appeal and win, it's capped at a 3% increase for 3 years.
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
3,167,614
well the value on my property in Georgia doubled from 2021 to 2022. However, it's still worth more than the tax assessment so I'm okay with it.
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Bob "RealMan" Timm
Minot, ND
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Kathleen Daniels, Prob...
San Jose, CA
1,846,901
That's hilarious.
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Bob "RealMan" Timm
Minot, ND
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Pete Xavier
Pacific Palisades, CA
2,784,566
What defense does anyone have when the county they live in decides to add onto the ballot a measure for something we need (or don't) and is payable via property taxes? Even it is a good proposal, raising taxes has replaced good management. In CA, they have the right to assess not to exceed 1% if I recall correctly. On sales, all bets are off, and sales price and the buyer get the full treatment I believe 1.25%. I remember going to the library of which they take $60 per fees year via taxes and it is full of homeless, filthy and the books old and outdated and parking is not friendly. I don't mind paying for value, but not for that
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Bob "RealMan" Timm
Minot, ND
2,400,161
I don't know that it is in the State of North Dakota Karen Climer .
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Kathleen Daniels, Prob...
San Jose, CA
16,288
Being an agent in the Los Angeles real estate space, the property tax in California is capped at 2% of the increased yearly value as others have also mentioned.
766,079
Los Angeles County in California bases all property taxes on the sales price times 1.25%. There is an annual increase based upon the market and maximum annual increase allowed.
902,038
I am not aware of any caps in Connecticut. Taxes are based on mill rates that are based on budgets set in individual towns annually. Mill rates can go up or down, depending on what budget is proposed by school and town boards and approved by local voters.
5,239,029
Karen Climer has Florida covered and the benefit for people who have owned thri property for years is tremendous. It even has some transfer benefits.
6,418,120
They do have to struggle to raise the rate, however beyond that as long as values go up, so will taxes.
1,506,013
CA: 1% plus incidental local taxes. Max of 1.5%-2% depending on your local taxes, assessments, etc.
Prop 13, about the only good thing to come out of California, aside from The Beach Boys, Thrash Metal, Ronald Reagan and Gold's Gym.