Property Taxes Going Up: Understanding Market Value, Prop. 13 Value, and Taxable Value

The Orange County Office of the Assessor published this notice to provide Orange County CA homeowners with information to explain how they are arriving at their property tax assessment for each property.  It gives a brief explanation of Market Value, Proposition 13 Value, and Taxable Value.  It also provides instructions for you if you disagree with the value they have calculated.  Did you know you can have them review your property tax bill for free?

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