Proposition 13 declared property taxes were to be assessed their 1976 value and restricted annual increases of the tax to an inflation factor, not to exceed 2% per year. A reassessment of the property …

In 1978, Proposition 13 cut property taxes to one percent of the taxable value and capped increases to just two percent a year, with reassessment occurring only for new construction or when there is a …

Sep 2, 2025 · Unpack the reasons, proposed changes, and ongoing efforts impacting California's Proposition 13 property tax law. California’s Proposition 13, a ballot initiative approved by voters in …

This year marks the 40th anniversary of Proposition 13—the landmark citizens’ initiative that limits the property tax rate to 1% of assessed value at the time of purchase and restricts annual tax increases …

California Proposition 13 was on the ballot as an initiated constitutional amendment in California on June 6, 1978. It was approved.

Proposition 13 amended the California Constitution, and was the taxpayers’ collective response to dramatic increases in property taxes, and a growing state revenue surplus of nearly $5 billion.

On June 6th, 1978, nearly two-thirds of California’s voters passed Proposition 13, reducing property tax rates on homes, businesses and farms by about 57%. Prior to Proposition 13, the property tax rate …

May 17, 2024 · In essence, Prop 13 limited property taxes in California to no more than one percent of a home's assessed value. Furthermore, assessments of property values could not rise by more than …

Proposition 13’s popularity has made it unlikely that voters would agree to major changes weakening its protections in the foreseeable future, experts agree. Periodically, efforts are made to tax commercial …

Inspired by fear and anger, California voters passed Prop. 13 in 1978. That election reshaped the California dream for generations.