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