{"id":130,"date":"2020-05-21T00:26:27","date_gmt":"2020-05-21T00:26:27","guid":{"rendered":"https:\/\/www.acassessor.org\/?page_id=130"},"modified":"2026-04-13T21:05:04","modified_gmt":"2026-04-13T21:05:04","slug":"why-assessed-value-may-increase-more-than-2","status":"publish","type":"page","link":"https:\/\/www.acassessor.org\/es\/homeowners\/why-assessed-value-may-increase-more-than-2\/","title":{"rendered":"Why Assessed Value May Increase More than 2%"},"content":{"rendered":"[et_pb_section fb_built=”1″ _builder_version=”4.16″ custom_margin=”0px|||||” custom_padding=”0px||0px|||” global_colors_info=”{}”][et_pb_row column_structure=”1_4,3_4″ _builder_version=”4.16″ custom_margin=”0px|auto|0px|auto||” global_colors_info=”{}”][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_sidebar _builder_version=”4.27.5″ header_font=”||||on||||” header_text_color=”#0a4a8a” body_font=”||||on||||” body_text_color=”#0a4a8a” global_colors_info=”{}”][\/et_pb_sidebar][\/et_pb_column][et_pb_column type=”3_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.27.6″ global_colors_info=”{}”]\n

Why Assessed Value May Increase More than 2%<\/h1>\n[\/et_pb_text][et_pb_text _builder_version=”4.16″ min_height=”232px” custom_margin=”-7px|||||” custom_padding=”0px||125px|||” global_colors_info=”{}”]\n

Why Assessed Value May Increase More Than 2%<\/strong><\/span><\/h3>\n

By law, the Assessor must annually enroll either a property’s Prop 13 value (factored for inflation by no more than 2% annually), or its current market value on the lien date (January 1), whichever is less. When a property’s current market value falls below the Prop 13 value, that lower value is commonly referred to as a “decline in value” assessment, or simply the “Prop 8 value.” Prop 8 assessments, are TEMPORARY reductions for one year. Once a Prop 8 reduced value has been enrolled, that property’s value must be reviewed on the subsequent January 1.<\/span><\/p>\n

As the real estate market begins to recover, the temporary Prop 8 value will be increased until it is restored back to its Prop 13 factored base year value. Increases to a Prop 8 assessment are not subject to the 2% increase limitation as are Prop 13 values. A Prop 8 value may be increased or decreased, depending on the market activity in your neighborhood. However at no point can the value be increased above your factored Prop 13 value.<\/span><\/p>\n

For an explanation of how property values are assessed during declining market conditions and when market values begin to rise, visit our Decline in Market Value (Prop. 8<\/span>)<\/strong><\/a> page.<\/p>\n[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]\n","protected":false},"excerpt":{"rendered":"

Why Assessed Value May Increase More than 2%Why Assessed Value May Increase More Than 2% By law, the Assessor must annually enroll either a property’s Prop 13 value (factored for inflation by no more than 2% annually), or its current market value on the lien date (January 1), whichever is less. 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