Why has my assessed value increased by more than 2%?
A property that has been reassessed under Proposition 8 is reviewed annually to
determine its market value as of the lien date, January 1st. The assessed value of
a property having a Proposition 8 value may increase each lien date (January 1st)
by more than the standard two percent maximum allowed for properties assessed
under their Factored Base Year Value (Proposition 13); however, unless there is a
change in ownership or new construction, a property’s assessed value can never
increase above its Factored Base Year Value (Proposition 13).Explanation of Proposition 8

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1. Why has my assessed value increased by more than 2%?
2. If I do not agree with the assessed value what should I do?
3. My assessment notice lists Taxable Value and Factored Base Year Value, what value are my upcoming taxes based on?
4. I plan to add another room on my home. Will you reappraise my entire property?
5. I added a bedroom and did the work myself. Will I only be assessed on the cost of the materials?
6. I just bought a house from my brother. Will I be assessed on the price I paid?
7. If I get married and add my spouse as Joint Tenant on the deed to my property, will my property be reappraised?
8. If I sell my boat after January 1st, am I responsible for the taxes for the next fiscal year?