Prop 13
What is Prop 13?
In June 1978, California voters approved Proposition 13, which limits the tax rate applied to assessed real property values to 1% plus additional rates necessary to retire voter-approved bonded indebtedness.
In June 1978, California voters approved Proposition 13, which limits the tax rate applied to assessed real property values to 1% plus additional rates necessary to retire voter-approved bonded indebtedness.