Introduced
by
To cap the Proposal A property tax assessment "pop up" at 10 percent of the previous year's taxable value. The “pop-up” is a provision of the 1994 Proposal A property tax assessment cap in which the state equalized value (market value) of newly-sold property becomes the basis for its property tax assessment, rather than the capped “taxable value” of the previous owner. The taxable value is lower as long as the market value of the property has increased since the last ownership transfer.
Referred to the Committee on Tax Policy
