Notices of Valuation are mailed
out whenever there has been a change in ownership, new construction or a decline
in market value; all can trigger a valuation. Business personal property
is valued annually.
Check the Notice of Valuation to make sure the information it
contains is correct.
- Does the total taxable value on the bill exceed what your property would sell for? If so, complete and submit a "Decline in Value Reassessment" application form".
- Did the real property values, such as land and buildings, go down? If so, the Assessor has probably already reviewed your property for decline in value.
If you own your home and occupy it as your principal residence,
you are probably eligible for a Homeowner's Exemption. Check
the Exemption box to make sure that you are receiving it.
If you do not receive the homeowners' exemption, contact the
Exemption Department of the Assessor's Division and request
an application.
Did the taxable value increase by more than two percent over
the previous year's value? If your property was part of a
Proposition 8 review for a decline in value, it could be that
the market value of your property is increasing. If so, your
assessment can increase to the market value each year until
it catches up to your original Proposition 13 level. Another
factor that can cause significant change in value is construction
in progress.
If you feel your assessment is too high, contact the Assessor's
Division to discuss the valuation. The Assessor's Division may
or may not modify the valuation. If the office declines to
modify the assessment, the decision may be appealed to the
Assessment Appeals Board.