Proposition 13: Property Tax Roll-Over in Eminent Domain Cases, 8/20/14

Posted & filed under Eminent Domain Law, Just Compensation, The Eminent Domain Process.

In 1978, California’s Proposition 13 created security for home owners by limiting property taxes to one percent of the property’s value with a maximum two percent increase for inflation of the property value in a year. The property tax is reassessed when the property is being sold or if certain improvements on the property increase… Read more »