> If your home 10x’s in value so does your property tax.
That depends on where you live. For example, in California we have Prop 13, which limits how much the assessed value for a home can increase without being sold.
This means that even if your house goes up 10x in value, California will only increase the assessed value for tax purposes by 2% each year.
That depends on where you live. For example, in California we have Prop 13, which limits how much the assessed value for a home can increase without being sold.
This means that even if your house goes up 10x in value, California will only increase the assessed value for tax purposes by 2% each year.