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What would cause a nearly 50% reduction in assessed value on a California home that’s in good condition.

Curious about a home and the assessed value and taxes associated with it. It was seeing normal prop 13 increases prior to a 600k sale in 2018, the following year it shows the reassessed value reflecting the 600k sale but then the following year it drops by almost 50% and then continues with prop 13 small increases. What could have caused the 50% drop in assessment and taxes in 2020?

2026
--
$335,103
+2.0%
2025
$3,562
+ 2.2%
$328,533
+ 2.0%
2024
$3,486
+0.0%
$322,092
+2.0%
2023
$3,486
+7.5%
$315,777
+2.0%
2022
$3,243
-0.5%
$309,586
+2.0%
2021
$3,259
+0.9%
$303,516
+1.0%
2020
$3,230
-49.0%
$300,406
-49.9%
2019
$6,337
+290.9%
$600,000
+296.2%
2018
$1,621
+1.9%
$151,429
+2.0%
2017
$1,592
+1.8%
$148,461
+2.0%

submitted by /u/SubseaSasquatch
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1wq95rw/what_would_cause_a_nearly_50_reduction_in/
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