CA Property export tax quiz: If your home is appraised will your rates rates be base on the appraised pro?

Or does prop. 13 force counties to stick next to the inspired price a buyer remunerated for the home? I want to pilfer a impressively small home equity loan out ($5,000), but it may not be worth it if my due bill go up 50%.

Answers:
No! That's what Prop 13 mandate. Once your home is given an assessed merit by the county assessor (which does not necessarily call for to be the purchase price, by the way), later it will not be reassessed again until you flog it.


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