California tax rulesProperty Tax

California Property Tax (2026)

Info: Under Proposition 13 (California Constitution Article XIII A), property is taxed at 1% of its assessed ("taxable") value plus any voter-approved debt-service rates; annual growth in a property's base-year value is capped at 2% until it changes ownership or is newly constructed, when it is reassessed to market value.

InfoVerified Jul 3, 2026

Under Proposition 13 (California Constitution Article XIII A), property is taxed at 1% of its assessed ("taxable") value plus any voter-approved debt-service rates; annual growth in a property's base-year value is capped at 2% until it changes ownership or is newly constructed, when it is reassessed to market value. Property is assessed by the 58 county assessors.

Official source: boe.ca.gov

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