PURCHASE

The above video demonstrates how the 2% limit helps minimize the increase in your property tax bill. This also assumes there is no reassessment event throughout the illustrated time period. When there is a reassessment event, such as a change in ownership or completion of new construction on the property, then the assessed value can increase by more than the 2% limit. 

The California Consumer Price Index (CCPI) is the measure of inflation used by the County when making their annual inflation adjustment to your Assessed Value. Again, they will use the lesser of either 2% or the percent change of CCPI (assuming there’s no reassessment event). You can see the California BOE website for their posting of the percent change in CCPI.

Click Here to see an example for the 2023-2024 asssessment roll. 

Presented by: Jesse Haro – NMLS 2023964 | DRE 02134504