Is it true property taxes go up despite decline in home value?

The value of my home has dropped by over 30% yet my property tax has gone up. The assessor's office said the tax increases 2% every year automatically. Is this true for Los Angeles?Is it true property taxes go up despite decline in home value?
That's not really what happened. Proposition 13 limits real estate valuation increases to 2% per year. If you have owned your house for long enough, the 2% increases over the years haven't kept pace with the real increases. Even a 30% drop in the last year MAY still result in a real value higher than the valuation used for tax purposes. Hence, your taxes can still go up.Is it true property taxes go up despite decline in home value?
The value of your house has little bearing on any increase or decrease in taxes.





Generally, taxes are set by cities/counties using some formula to determine their budget for the year. This may include planned limits or planned increases, or it may involve the city actually sitting down and working out an appropriate budget.





Once they do that, they then use the tax rolls (the list of all property in the city and their values) to determine how much each resident or business will pay. If values have risen, then the amount per $1000 of value (called a mil rate) will drop. When prices go down, the mil rate will rise. But if you consider the formula above, it's obvious that the only determination of the TOTAL tax bite city-wide is the city budget.





So if all homes in the city drop, your tax due can still increase if the city budget did. If JUST your home dropped, you could see a lower tax bill. But in the current circumstances, that isn't really the case, so taxes go up while value goes down.





Blame the city budget, don't blame the assessors.