California Proposition 13 — Homeowner Reassessment Exclusion

About This Program

Proposition 13 limits annual increases in a property's assessed value to no more than 2% per year, regardless of market appreciation. This protects homeowners from sharp increases in property taxes as home values rise. Certain remodeling and improvements may trigger partial reassessment; consult the LA County Assessor for applicable exclusions.

Annual savings grow over time as market values rise above assessed value

Key Details

• Annual property tax increase capped at 2% regardless of market appreciation
• Applies to all California homeowners automatically at purchase
• Protects long-term owners from dramatic tax increases
• Some remodels may trigger partial reassessment
• Contact LA County Assessor at (213) 974-3211 with questions

How to Apply

Deadline: Ongoing — protection applies automatically at purchase