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Jared's Actual Property Values and Property Taxes Paid, Comparison to without Prop 13 Assessment and Tax Cap and Cost of Tuition
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WITH PROP 13
Recorded Taxes Paid/Recorded Assessed Values		WITHOUT PROP 13
Property value increase according to FHFA HPI Calculator
(Market rate)		Prop 13 "Savings"Cost of Private Education
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Billing year
Actual Net Property ValueActual Property taxes paid, nominalActual Property taxes paid in Jan 2023 dollars (inflation adj)Effective Tax Rate (ETR) paid: which inc. 1% prop 13 cap and other municipal fees/taxesEst. market Value, for MSA, Q1 2016 to Q1 2022Value at pre-prop 13, 25% assessment ratioProperty Tax at 10.68% tax rate, pre-Prop 13 tax rateProperty Tax at 10.68% tax rate in Jan 2023 dollars (inflation adj)Difference between WITH PROP 13 and WITHOUT PROP 13, in 2023 dollarsAverage k-12 Private School Tuition in CaliforniaDifference between tax "savings" and private K-12 education
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2016* $ 240,000.00 $ 2,801.14 $ 3,537.19 0.01167 $ 445,000.00 $ 111,250.00 $ 11,881.50 $ 15,003.58 $ 11,466.39
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2017 $ 445,000.00 $ 6,120.72 $ 7,540.53 0.01375 $ 484,871.00 $ 121,217.75 $ 12,946.06 $ 15,949.14 $ 8,408.61
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2018 $ 453,900.00 $ 6,419.46 $ 7,748.15 0.01414 $ 525,422.00 $ 131,355.50 $ 14,028.77 $ 16,932.42 $ 9,184.27
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2019 $ 462,978.00 $ 6,869.54 $ 8,164.73 0.01484 $ 555,170.00 $ 138,792.50 $ 14,823.04 $ 17,617.79 $ 9,453.06
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2020 $ 472,237.00 $ 7,096.88 $ 8,230.28 0.01503 $ 568,544.00 $ 142,136.00 $ 15,180.12 $ 17,604.45 $ 9,374.17
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2021 $ 477,128.00 $ 7,075.36 $ 8,092.05 0.01483 $ 617,000.00 $ 154,250.00 $ 16,473.90 $ 18,841.12 $ 10,749.07
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2022** $ 486,668.00 $ 7,254.06 $ 7,719.06 0.01145 $ 734,261.00 $ 183,565.25 $ 19,604.77 $ 20,861.46 $ 13,142.40 $16,637-$3,494.60
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Cumulative
 $ 43,637.16 $ 51,031.99 $ 104,938.16 $ 122,809.96 $ 71,777.97
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*purchase year, did not pay taxes on full year
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**2022 house value was not included in 2022 tax bill, but is calculated using the "1% tax limitation" on tax bill, multiplying by 100
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