Is property tax reassessed when you refinance your house in california?

Candelaria
Okay I am looking to refinance my house in the next 3-6 months. I am looking at my property tax statements for the last 5 years, and every year its a different amount. Now my mortgage is set up so I pay my taxes, and insurance with my monthly payment. My payment has remained the same all along, but yet every year my property tax amounts change.What Im trying to figure out is. How is the property tax determined every year???? If I refinance is there gonna be a reassessment of my property tax???? Bottom line, I need to know how they determine the taxes when you are gonna be paying it month to month with your mortgage??? Is there a forecast that they use or what. Im very confused. I hope my question makes sense.

Anderson
No. Only when the house is sold.

Georgann
Not on a refinance. Your assessed value is increased by 2% per year unless you are in an area where values took a nosedive. Your property tax rate will change depending on what your share of bonds and special assessments is.

Larae
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