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Proposition 13 - Even More Protection Than What We Thought

KATHLEEN K. WRIGHT California State University, East Bay - Department of Accounting and Computer Information Systems

Abstract:

    Wright asks whether, under California's property tax limit, Proposition 13, a property owner can get their property revalued downward if the value of the property sinks. And does Proposition 13 kick in again to limit the valuation increase as the market moves back up again?
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