What Is the Real Estate Tax Rate in California
Did you know that California has a proposition that limits property tax increases to 2% per year? It's called Prop 13, and it's been in place since 1978. It's like a security blanket for homeowners, but it can also make it harder for new buyers to get into the market.
Another fun fact is that some California counties offer discounts on property taxes for certain groups, like seniors and disabled veterans. It's like a special treat for those who need it most!
Newport News FY25 budget maintains tax rate, fully funds schools