The Prop 13 percentage of 1% remains the same for anyone buying a home in CA today. The valuation of the house purchased determines the Cost.
Buy my House today which is valued at 800,000 and the Property Tax Bill is around $10,000. If you are over 55 and coming from a lower valued home you can transfer the lower property tax bill to the new home purchase.
The assessed value can only rise by 2% a year.
The Prop 13 percentage of 1% remains the same for anyone buying a home in CA today.
The home owners I talked to say the number don’t wok that way.