Suggestions

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Allow calculating Property Taxes based off assessed value distinct from market value

California bases property taxes off an assessed value that’s (effectively) frozen and can only go up by 2% per year. We should allow specifying a separate assessed base for tax purposes, and allowing a cap on property tax growth rate for areas that follow a similar model.

9 votes

Tagged as Suggestion

Suggested 21 April 2022 by user Stephen Touset

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  • 21 April 2022 Stephen Touset suggested this task

  • 22 April 2022 Kyle Nolan approved this task

  • avatar
    JP Daigle

    Note that the assessed value can be appealed and lowered (temporarily) if the property value declines after purchase, so the tax base (set in purchase year) can be temporarily overridden by a reassessment.

    06 January 2023