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Responsible for locating, valuing and enrolling all taxable real property (land and improvements). The Real Property Division is responsible for the …
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Q:
I sold my prior home, which had an assessed value of $300,000 in June 2019 for $2 Million and plan to buy my new home in May 2021 for $2,200,000; Prior to Proposition 19 the law allowed carrying the low assessed value as long as the purchase price was within 110%, does the same apply in Proposition 19?
A:
No. The prior law, Proposition 60 and 90, ended on March 31. In the above example the Assessed value would increase from $300,000 to ...
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