Unverified50% confidenceFactExact time
California Proposition 13 stipulates that the property tax rate is capped at 1% of the assessed value, and any tax increase requires a two-thirds majority approval from voters.
1
Sources
50%
Confidence
Long-term
Relevance
10/12/2026
First Seen
Sources
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Related Claims
UnverifiedProposition 13 fixed the cap on assessed property value at 1975 levels, with annual increases not exceeding 2%, reassessment at market value only upon a change of ownership, and a property tax rate cap set at 1% of assessed value.75% similarUnverifiedCalifornia's Proposition 13 was passed by voters in 1978 and is one of the most influential pieces of property tax limitation legislation in the United States.73% similarUnverifiedCalifornia Proposition 13 causes severe horizontal inequity: for two adjacent properties of similar market value, the tax bills may differ by several times because they were purchased at different times.69% similarUnverifiedAfter the passage of Proposition 13, the California state government was forced to seek revenue from other taxes, increasing its reliance on income taxes levied on high-income groups.67% similarUnverifiedCalifornia's AB 1482 bill (the Tenant Protection Act), passed in 2019, set a statewide annual rent increase cap of 5% + CPI or 10%, whichever is lower.67% similar
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