Property taxes in California are governed by constitutional limits that restrict how much taxes and assessed values can increase.
How Property Taxes Work in California
Assessed value is generally based on purchase price and can only increase by a limited percentage each year unless the property changes ownership or is improved.
Components of a California Property Tax Bill
- Base county property tax
- City and local district taxes
- Voter approved bond assessments
How Property Taxes Are Calculated
Taxes are calculated using the assessed value and a base rate plus additional local assessments.
Typical Property Tax Rates
California’s effective property tax rates are moderate, but tax bills vary significantly depending on purchase date and local bonds.
Billing and Payment Schedule
Taxes are billed annually and typically paid in two installments.
Reassessments and Revaluations
Reassessment usually occurs when a property is sold or substantially improved.
Exemptions and Property Tax Relief
Homeowner exemptions and relief programs for seniors and disabled homeowners are available.