proposition 13 prohibits property tax increases - Real Estate Tips by Tyler Remeika Realtor

Tip #17 Lowering Property Taxes
Did you know that in California Proposition 13 prohibits property tax increases until the property changes owners? Proposition 13 was part of a tax revolt in California in 1978 to keep taxation low. The proposition also limited ad volerum taxes on property to a maximum of 1%. This means that buying a home when prices are down can lower the amount of property tax that you pay each year for as long as you own the home.
Please note that I am a Real Estate Agent and not a Lawyer or accountant. Want to know more about how to take advantage of proposition 13 in this down market? Contact me through my website and I will team you up with a great lawyer and accountant so you can take advantage of the benefits.
Want more great real estate tips? Sign up for my weekly ezine at www.tylerremeika.com on the left hand side of the page. There's no sales-y garbage, just plenty of tips for buyers and sellers that can help you build wealth through real estate. If you are looking to buy or sell a property in Los Angeles County or Orange County please contact me. I am a realtor in Southern California. I look forward to working with you.

Category:

Education

Tags:

• proposition
• 13
• prohibits
• tax
• increases