“Secured” refers to a property tax that is assessed against real property (e.g. land or improvements). Nevada County’s real property tax is an “ad valorem tax,” a tax according to value. Proposition 13 established the tax rate as 1% of current assessed value, plus voter approved bonded indebtedness.
Real property is assessed when there is a change in ownership or completion of new construction. Proposition 13 also provides that the assessed value of property can increase no more than 2% annually, based upon the California Consumer Price Index. For more information please call 530-265-1285.