The general tax levy for all agencies cannot exceed 1% of the property's assessed value, except for additional taxes for bonded indebtedness. In addition, agencies may levy direct assessment taxes to pay for services such as lighting maintenance, weed abatement, etc. The average tax rate is approximately 1.25%.
Real property is reappraised only when:
- 1.- A change in ownership occurs; or
- 2.- New construction is completed; or
- 3.- New construction is partially completed on the lien date (January 1); or
- 4.- A decline in value (see Proposition 8).*
*Except for these four instances, real property assessments cannot be increased by more than 2% annually, regardless of the rate of inflation.