California Property Tax Laws and Regulations

 

Proposition 13 (passed 1978) limits the property tax rate to 1% of assessed value plus amounts required to repay any assessment bonds approved by the voters. Annual increases to the assessed value are limited to the inflation rate or 2%, whichever is less. There have been numerous propositions refining the details of Proposition 13.

Proposition 8:

If the tax assessment is reduced because of a decline in value, the property assessment can climb as quickly as the assessed value in the future until it reaches the Proposition 13 value.

 

 

Proposition 60:

This applies to transfers within one county.

 

 

Proposition 90:

This applies to transfers between two different counties, both of which must have ordinances allowing the transfer.

 

 

Proposition 110:

If a person has transferred their tax assessment based on age, they may later do a second transfer based on disability. If a transfer has been done based on disability, age can not be used as the basis for a later transfer.

 

 

Additional California Property Tax Information

 

Please see the California State Board of Equalization website for more details.

 

 

Santa Clara County Property Taxes

 

The property tax for a home in Santa Clara County can be estimated by multiplying the purchase price by 1.25%. The property tax is 1% but there are typically 0.25% special assessments added.

 

To find which special assessments a property is currently subject to, go to:
http://payments.scctax.org/payment/jsp/currentSecured.jsp

 

Find the property you are interested in, then click the link under the column heading APN Suffix.

Santa Clara County publishes the special assessment tax rates at:

 

https://www.sccgov.org/sites/controller/property-tax-apportionment/Documents/annual-levy-amounts-FY2019-20-20191003.pdf

 

https://www.sccgov.org/sites/controller/property-tax-apportionment/Documents/tax-rate-book-FY2019-20.pdf (see pg A4)

 

 

San Mateo County Property Taxes

 

Please check one of the best summaries about San Mateo’s County property tax programs HERE.
 

Other California Property Tax Programs

 

California Williamson Act Program

 

The Williamson Act, aka the California Land Conservation Act of 1965, enables local governments to enter into contracts with private landowners for the purpose of restricting specific parcels of land to agricultural or related open space use. Though this does not affect most Silicon Valley home purchasers, it may be of significant value to people wanting to have a significant vineyard, orchard, or garden to provide income as they approach or enter retirement. By entering a contract with local governments specifying they will not convert their land to development for housing or commercial buildings, significant property tax reductions might be achieved.

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3652 Sorci Dr, San Jose, CA 95124
505 Minton Ln, Mountain View, CA 94041
41415 Millenium Ter, Fremont, CA 94538

1535 Treviso Ave, San Jose, CA 95118
20288 Pinntage Pkwy, Cupertino, CA 95014

5387 Quebec Cmn, Fremont, CA 94555

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1514 Redmond Ave, San Jose, CA 95120

22943 Longdown Rd, Cupertino, CA 95014

600 S Abel St #525, Milpitas, CA 95035

5992 Treviso Ter, Fremont, CA 94555

1427 Kinsport Lane, San Jose, CA 95120

3812 Fiano Cmn, Fremont, CA 94555

694 Valley Way, Santa Clara, CA 95051

22551 Alcalde Rd, Cupertino, CA 95014
4735 McHenry Gate Way, Pleasanton, CA 94566

6318 Jarvis Ave, Newark, CA 94560
943 Baines St, East Palo Alto, CA 94303

6129 Genoa Ter, Fremont, CA 94555

Currently Sold

600 S. Abel St, #525

Milpitas,CA 95035

167 S San Antonio Rd, Los Altos, CA 94022

Tel: (408) 674-4418
Calbre: 01371905

Email: yvonne@yvonneyanghomes.com

Currently Sold

22943 Longdown Rd

Cupertino, CA 95014

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