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In response to
"
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)
"
by
pigby
So it can be assessed at a higher value then the most current sale price
Posted by
Stephen (aka SCeire)
Jan 29 '09, 19:39
If I'm reading that correctly.
Responses:
the annual 2% increase is indexed to the last sale price
-
pigby, supergenius
Jan 29, 19:58
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