Preserving Your Prop 13 Basis When Moving on the Peninsula
By Ken DeLeon For many long-term California homeowners, Proposition 13 is one of the most valuable financial benefits of homeownership. Passed in 1978, Proposition 13 generally limits annual increases in a property’s assessed value to no more than 2 percent per year, unless there is a reassessment event such as a sale or major new […]
