Re:Why a house is a terrible investment (2013)
by wl78393 on Sunday April 22, 2018 @08:24PM
(#16899565)
Yes, with rare exceptions Prop 13 means you get your property tax assessment locked in when you purchase. The major way to trigger re-assessment is to pull a permit for construction/improvements, which is why unpermitted remodels/additions are so rampant in California.
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