Key Numbers
California Number Bank: Property Tax
A concise definition for the California Real Estate Exam study guide.
Definition
1% Prop 13 rate. 2% annual cap. Nov 1 / Dec 10 (1st). Feb 1 / Apr 10 (2nd). Transfer tax: $1.10 per $1,000 of value (county rate; cities may add more).
Why it matters on the California real estate exam
Know the definition, recognize how the term appears in a fact pattern, and compare it with related concepts before choosing an answer.
Study this topic in context
Read the related chapter for the surrounding concepts, examples, and exam tips.
Chapter 6: Valuation & Appraisal →