The market value of California municipal bond issues has always been affected by various risk factors, and attempting to quantify the effect of Prop 8 reassessments in recent years has been nearly impossible - until now! The unique interaction between Prop 8 and Prop 13 within a given bond issue's municipal district will have a profound effect on the long-term total assessed value of underlying properties. The PQ Finance metrics report provides a simple, detailed explanation of the effects of both assessment processes on the total assessed value of the issuing municipality or agency.
In a convenient one-page format, these reports provide the answers to several key questions:
- How much of the bond issue's underlying assessed value is subject to Prop 8 temporary reduction?
- Is the issuing municipality or agency's Prop 8 exposure growing or shrinking?
- How much assessed value recovery potential is being lost as Prop 8 properties resell and convert to Proposition 13 properties at the bottom of the market?
To order this product or find out more, call us at 888-217-8999.