Many people in the property tax world will be aware that one of the “notorious” aspects of the property tax system in California is referred to as “Prop. 13”. In short, Prop. 13, passed in 1978, limits property tax rates to 1 percent (for both residential and commercial property) and limits the growth rate of future assessments to 2 percent per year. That means there are two types of property tax limitations:..
IPTI Xtracts is a collection of news articles from around the world providing an update on property tax
and assessment related matters.
The information contained in Xtracts is gathered from published information and is updated regularly.