Does Prop 13 Still Apply Today?
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Prop 13 does apply today to all property owners in California. Current California Property Tax Law was enacted in 1978 to control the amount of property taxes paid by taxpayers. Prior to Current California Property Tax Law there was no limit on property taxes. The assessed value was based on the changing market value every year and because the market values increased significantly over time in California, the amount of property taxes increased significantly. As the values of the homes increased over time, older folks were being driven out of their homes unable to pay the property tax increases.