ST Alpha - "Prop 13's "assessed value," however, may only be increased by a maximum of 2% per year, until and unless the property undergoes a change in ownership" -- (link)" (Reading a Post)

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Prop 13's "assessed value," however, may only be increased by a maximum of 2% per year, until and unless the property undergoes a change in ownership" -- (link)

Posted by pigby (aka chris) Jan 29 '09, 18:59

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http://en.wikipedia.org/wiki/California_Proposition_13_(1978) (en.wikipedia.org)

Responses:

Oregon's is tied to the year of the home, and doesn't change when ownership does. - Redmond Jan 29, 19:41
So it can be assessed at a higher value then the most current sale price - Stephen Jan 29, 19:39 1
- the annual 2% increase is indexed to the last sale price - pigby, supergenius Jan 29, 19:58

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