Property DNA
Property Tax Information
Property taxes are one of the largest ongoing costs of owning real estate,and California's assessment system makes them particular to each property. Property DNA compiles the public property tax picture in the report: assessed value, current tax amounts, recorded exemptions, and context for how taxes may change after a sale,so carrying costs don't surprise you.
How California property taxes work
Under Proposition 13, assessed values generally rise at a capped rate until a property changes hands, at which point the property is typically reassessed to its new purchase price. This means a home held for decades often carries taxes far below what a new buyer will pay,and your report's tax data should be read with that future reassessment in mind.
What the report shows
The report includes the assessed value, current annual tax amounts,and any recorded exemptions such as homeowner's exemptions,from public records. Where the county assessor's data is available, it also shows recent assessment history so you can see how the taxes have trended.
Plan for the post-sale tax picture
Because California reassessment can raise the taxable basis to the purchase price,your agent,and lender can help you model your actual post-purchase tax obligation,which usually differs from what the current owner pays. Tax questions should always be confirmed with the county assessor's office or a tax professional.
Informational use only
Property DNA is an informational research report compiled from public records and market sources. It is not a title search, a preliminary title report, a guarantee, title insurance, escrow, or legal advice. Data is believed reliable but is provided without warranty, and should be verified with the appropriate public authority or a licensed professional before relying on it.
Ready to research a property?
Request an informational Property DNA report for any Southern California address and we will walk you through what the records show.
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