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First of all let me define PUD: PUD stands for Planned Unit Development. A PUD is essentially a single family home and the ownership of the residence is legally treated that way. The major difference is that a PUD is part of a community, part of a larger development similar to a condo. Even though you will own your home if its a PUD you will pay an association fee per month to maintain community areas which usually include parks, pools and sometimes recreation rooms. The association regulates community improvements so if you want to make major improvements to your house or want to paint your house you will need the homeowners’ association’s approval. Since a PUD is basically a single family home that is also part of a larger neighborhood you are liable for your own repairs and maintaining your own homeowners insurance because you own your own land and own building.

Prop 13 applies today to all property owners in the state of California. Prop 13 was implemented in 1978 by homeowners to control the amount of property taxes paid by homeowners. Before Current California Property Tax Law there was no limit to help taxpayers on property taxes. The assessed value was based on the changing home values every year and because the market values increased significantly over time in California, the amount of property taxes increased substantially. As the values of the houses went up over time, older folks on fixed incomes were being driven out of their homes unable to pay the property tax increases.