California Proposition 13 — Homeowner Tax Protection

About This Program

Proposition 13 limits annual increases in a property's assessed value to no more than 2% per year in California, providing significant long-term tax protection in high-appreciation markets like San Francisco. Homeowners who purchased early benefit substantially as the difference between assessed and market value grows over time.

Long-term tax savings increase as market appreciation exceeds 2% annually

Key Details

• Annual property tax increase capped at 2% regardless of market appreciation
• Particularly valuable in SF where home values have risen dramatically
• Applies automatically at time of purchase
• Some remodels may trigger partial reassessment
• Contact SF Assessor-Recorder at (415) 554-5596 with questions

How to Apply

Deadline: Ongoing — automatic at time of purchase