by Micah Rubenstein
Every home has an assessed value from which property tax is calculated.
Check your most recent tax bill. It will list the assessed value of your home, and also lists the property tax you owe on it. In California, a property's assessed value is 100 percent of its fair market value. Property tax is then calculated at 1 percent of the assessment. Your actual tax may be higher, though, if local levies are in force. Many levies are attached to property taxes. If this is the case, your tax bill will list the breakdown of your
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