The value initially established by the PCOR is called the

• A. Base Year Value
• B. Baseline Value
• C. Basic Year Value
• D. Factored Base Year Value

Answer: (A)

In Prop 13 property tax terms, the value initially established by the assessor is the base year value. This value serves as the starting point for calculating property taxes in future years, with annual increases limited by the cap (usually 2% or the IRS CPI, whichever is lower). When a property changes ownership or is newly constructed, the base year value is set and then used to determine the assessed value each year going forward.

This is the precise term used for the initial assessment against which future increases are measured, which is why it’s the best answer. The other phrases aren’t standard terms in this context, so they don’t correctly describe the initial value established by the PCOR.