Property taxes in Visalia are based on California’s Proposition 13, which caps the general tax rate at 1% of the assessed property value. Key points include:
- Assessment:
- Properties are assessed at their purchase price, with annual increases limited to 2%.
- Additional Levies:
- Local bonds and special assessments can add to the total tax bill.
- Example:
- For a home valued at $400,000, the annual property tax would be approximately $4,000, plus any local assessments.