sleepy5136 said:
Cares said:
Maybe my comment wasn't clear. My point is the it CAN go up but doesn't necessarily mean it WILL go up every year.
no, your comment was clear. I think you didn't understand what the article said. It's automatically set to increase by default by the maximum (2%) each year according to the city records. So maybe the
change to "automatically" increase to the maximum was set recently. Article was dated in March 2020.
This isn't the case though. Here's just 1 random home I pulled in GP.
238 Denim, Irvine, CA 92618
2020 value $1,427,949
2020 total tax $22,388.28
2020 special assessments
$8,059
2020 base tax rate ($22,388.28 - $8,059) / $1,427,979 = 1.003%
2019 value $1,399,950
2019 total tax $22,037.16
2019 base tax (1.003% * $1,399,950) = $14,048.31
2019 special assessments ($22,037.16 - $14,048.31) =
$7988.85
2020 increase ($8,059 - $7,988.85) / $7,988.85 = 0.878%
There are many other homes from 2019 to 2020 which increased by less than 1% in GP.