What is Supplemental Property Tax?

The Supplemental Property Tax Law took effect in 1983 as part of a drive to aid California’s Schools. This tax affects you if you are planning on buying new property or undertaking new construction.

After there is a change of ownership to a home, the property is reassessed. The supplemental assessment represents the difference between the property’s new base year value (when you purchased the home) and its existing taxable value. For more information click on the link below:

Supplemental Property Taxes

Shirin Rezania Ramos | 858.345.0685 | www.shirinramos.com | Compass, DRE 0203379

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What is a 1031 Exchange and How does it Apply to San Diego Real Estate Investors?

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Thinking of selling your investment property? A Section 1031 Exchange allows you to postpone paying tax on the gain if you reinvest the proceeds in a like-kind property. San Diegans […]

Shirin Rezania Ramos, Realtor®