Can the limited property value go up and the full cash value go down?

Yes. When there exists a large value spread between the full cash value and the limited property value, the limited property value will increase even though the current year's full cash value dropped. In no case can the limited property value exceed the full cash value in any given year. Beginning Tax Year 2015, the limited property value is limited to a 5% increase, provided no change in use or new construction has occurred since last year's assessment (Proposition 117).

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1. Why did I receive this notice of valuation?
2. What does it mean?
3. Does everyone get a notice?
4. What is the full cash value?
5. What is the limited property value?
6. What is the legal classification of property?
7. Why are 2023 values being set now?
8. Why did the full cash value go up?
9. Can the limited property value go up and the full cash value go down?
10. How can the full cash value increase in a depressed market?
11. Is the County just increasing values to get more tax revenue?
12. Did every property owner get the same increase/decrease?
13. How is the full cash value determined?
14. Why did the value go up when I have done nothing to the property?
15. What can I do about the increase?
16. Are my taxes going up?
17. I can’t afford my property taxes. What can I do?
18. What happens if I file an appeal?