The State Board of Equalization is advising county Assessors to use 2 percent as Proposition 13’s inflation factor for 2017/18. Proposition 13 provides for assessed value each year to be the lower of:
The State Board of Equalization determined that the California CPI increased by 2.619 percent from October 2015 to October 2016.
HdL Coren & Cone’s annual property tax budget projections, available in late February or early March, will use the 2% Proposition 13 inflation adjustment factor.
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