There is zero difference when they raise the assessment on your house. They are taxing you on an unrealized capital gain that may or may not materialize
# There is zero difference when they raise the assessment on your house. They are taxing you on an unrealized capital gain that may or may not materialize
One of the =very= few things to come out of california was prop 13. You shouldn’t have to continue to pay more and more in taxes on the unrealized gains from your home. It is little wonder why that particular item never spread across the country like it should have.