I can't find the property tax annotations on your Web site. County assessors must value property in accordance with the California Constitution, the Revenue and Taxation Code , other codes that apply to property tax assessment, and Property Tax Rules . Board of Equalization publications which provide guidance include Assessors' Handbooks and Letters To Assessors . In addition, property tax annotations provide guidance regarding statutes and regulations as applied by Board staff.
Taxable value is the value upon which property taxes are calculated.
For most real property, this is the adjusted base year value or the property's current market value, whichever is lower. The assessment roll is the official list of all assessable property in the county. Proposition 13 limits the general property tax rate to 1 percent of the assessed value, plus an amount for the debt service on any bonds approved by popular vote. The tax rate will vary depending upon where the property is located. You can obtain exact tax rates for a particular parcel by contacting the county auditor's office.