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How Property Taxes Are Calculated In
In California, property taxes evaluation are primarily calculated based on the assessed value of
the property, multiplied by the local property tax rate. Here's an overview of how
the
process works:
Assessment of Property Value:
The county assessor determines the assessed value of your property, typically based
on its current market value.
For most properties, the expensive assessed value is updated annually, generally at a maximum
increase of 2% per year due to California's Proposition 13.