Proposition 8, passed in November 1978, amended Proposition 13 to reflect declines in property value. Proposition 8 reductions are temporary reductions which recognize the fact that the current market value of a property has fallen below its current factored Proposition 13 base year value.
Anyone who has purchased Ventura County real estate in the last few [...]
Proposition 8 May Offer Tax Relief for Some Ventura County Homeowners
June 22nd, 2008 · No Comments · Real Estate, Real Estate Taxes
Tags:Prop 13·Prop 8·property taxes
