Last year, for the first time Proposition 13 was passed in 1978, property taxes went down in California -- but only because the economy was so lousy in 2009 that the inflation factor went down.
This year, as the California Taxpayers Association reports in its current newsletter, the inflation factor in 2010 went up by a slim 0.753 percent. It is just the seventh time in 32 years that the factor has been lower than the maximum 2 percent per year inflation adjustment allowed by Proposition 13.
According to CalTax, the inflation factor means that property taxes will rise this year by about $16 on a home with a base value of $200,000.
The good news is that it means the economy appears to have bottomed out.
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