California · 9 counties covered
California Multifamily Property Tax Underwriting Guide
California's Prop 13 makes property tax underwriting critical for multifamily acquisitions. Assessed value resets to purchase price on a change of ownership — meaning the seller's current tax bill is almost always the wrong number to underwrite. Model at purchase price × 1.22% (base rate + typical overrides) for LA County.
Counties with coverage
Alameda County
HighProp 13 event-driven
Prop 13 event-driven - reassessed to market value on change of ownership
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Contra Costa County
HighProp 13 event-driven
Prop 13 event-driven - reassessed to market value on change of ownership
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Los Angeles County
HighProp 13 event-driven
Event-driven (Prop 13: base year + ≤2%/yr until change in ownership)
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Orange County
HighProp 13 event-driven
Prop 13 event-driven - reassessed to market value on change of ownership
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Riverside County
HighProp 13 event-driven
Prop 13 event-driven - reassessed to market value on change of ownership
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Sacramento County
HighProp 13 event-driven
Prop 13 event-driven - reassessed to market value on change of ownership
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San Bernardino County
HighProp 13 event-driven
Prop 13 event-driven - reassessed to market value on change of ownership
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San Diego County
HighProp 13 event-driven
Prop 13 event-driven - reassessed to market value on change of ownership
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Santa Clara County
HighProp 13 event-driven
Prop 13 event-driven - reassessed to market value on change of ownership
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Run a tax reset estimate for California
Use Parclio's estimator to model the post-closing tax bill for your next deal.
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