When it comes to calculating property taxes most homeowners are in the dark
Are you looking for a California Property Tax Calculator? Unfortunately there is no reliable state property tax calculator available online or elsewhere since tax rates vary from state to state and county to county within each state. Your individual California county will even have different laws that apply to your property tax rate.
However, there is an easy way to estimate how much you’ll pay in property taxes in California.
Here’s how to calculate property taxes on your California home, commercial property, or real estate investment
There are multiple California propositions that affect property taxes. Proposition 8 an 13 are probably the most important. Proposition 13 was passed in California in 1978 and implemented major property tax system changes. The California State Board of Equalization administers all of its various forms of taxes. They explain Prop 13 like this: “Prop 13 backdated assessed real estate values of properties in California, pushing them back to their level during 1975 and 1976. Then, it limits property tax rates to 1% of a property’s assessed value. Furthermore, Prop 13 limits how much a property’s assessed value rises each year. It can rise only 2% or an amount equal to the state’s inflation rate—whichever is less. Californians often disagree as to whether Prop 13 is a boon to the state or a curse, but under Prop 13 calculating property taxes is less difficult.