Holland v. Assessment Appeals Board No. 1

Opinion

LIU, J.

In 1978, California voters adopted Proposition 13, which added

article XHI A to our state Constitution. This amendment limited the rate at which real property in this state may be taxed and the extent to which the assessed value of real property may be increased. As relevant here, real property may be taxed at no more than 1 percent of its “full cash value,” with “full cash value” defined to mean either the assessed value of that property in the 1975-1976 tax year or the property’s value at the time of a subsequent “change in ownership,” subject to an adjustment for inflation.…