Proposition 13 Savings Chart

May 12, 2006

Estimate your tax savings by finding the year you purchased your home.

The savings amounts shown are based on the median sales price for homes in California for each year. If you bought your home for more than the statewide average, your tax savings — thanks to Proposition 13 and HJTA — are even greater.

Purchase Year Median Sales Price in Purchase Year[1] Average Savings Per Year Total Savings Since Year of Purchase[2]
1978[3] $70,890 $4,892 $146,748
1979 $84,150 $4,859 $140,920
1980 $99,550 $4,805 $134,532
1981 $107,719 $4,844 $130,777
1982 $111,800 $4,948 $128,659
1983 $114,260 $5,059 $126,464
1984 $114,370 $5,243 $125,832
1985 $119,860 $5,326 $122,504
1986 $133,640 $5,347 $117,626
1987 $142,060 $5,413 $113,674
1988 $168,200 $4,909 $98,182
1989 $177,270 $5,149 $97,831
1990 $178,270 $5,326 $95,873
1991 $185,010 $5,420 $92,143
1992 $186,490 $5,650 $90,399
1993 $188,240 $5,958 $89,375
1994 $193,770 $6,245 $87,435
1995 $196,120 $6,617 $85,951
1996 $197,030 $6,973 $83,673
1997 $200,490 $7,374 $81,115
1998 $200,660 $7,598 $75,980
1999 $221,520 $7,903 $71,131
2000 $243,390 $8,276 $66,204
2001 $265,480 $8,687 $60,806
2002 $333,240 $8,795 $52,780
2003 $371,520 $9,208 $46,041
2004 $450,990 $9,167 $36,668
2005 $548,430 $8,915 $26,745
2006 $567,690 $9,000 $17,999
2007 $558,100 $8,929 $8,929


[1] SOURCE: California Association of REALTORS®
[2] Tax savings calculation compares the estimated tax paid under Proposition 13 with the tax that would have been paid if Prop. 13 had not been enacted. The tax rate in place when Proposition 13 passed was an average of 2.6%. (In some counties, the rate was much higher.)
[3] Tax savings listed assumes the home was purchased prior to the passage of Prop. 13. For homes purchased in 1978 after Prop. 13 took effect, the estimated total savings is $157,094 for a yearly average of $5,237.

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Filed Under: Proposition 13
Tags: Proposition 13, Tax Savings
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