Since the passage of Proposition 13, the county tax assessor is required to value property for real property taxes on the basis of the:

Name: Since the passage of Proposition 13, the county tax assessor is required to value property for real property taxes on the basis of the:
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Proposition 13 requires that real property must be assessed at its full cash value, which is defined as the fair market value at the time of acquisition, adjusted annually for inflation at a rate not to exceed 2% per year.

Since the Passage of Proposition 13, the County Tax Assessor