🏡 Wondering How Prop 13 Affects Your Taxes When You Buy a New Home? 📉

If you purchase a new home for $600,000, your property taxes will be $6,750 per year, based on a 1.125% tax rate. Thanks to Prop 13, your taxes are calculated based on the purchase price rather than the current market value, providing stability and predictability over time. 💡

Without Prop 13, if your home’s value were to increase significantly, your property taxes could rise just as quickly, potentially making homeownership less affordable. Prop 13 ensures that annual tax increases are limited, keeping them manageable and protecting homeowners from sudden and substantial hikes. 🛡️

Call or text 📞 916-444-6900 or visit www.VeryGoodDeals.com to learn more!