Despite the coronavirus, property taxes are still due. California is accepting penalty cancelation requests for those who have been directly impacted by the coronavirus pandemic. Each county may differ, contact your local county for any questions.
Los Angeles County Orange l County l
San Diego County
The California Revenue and Taxation Code (Proposition 8) allows the Assessor to lower the assessed value of any real property if it is higher than the current market value as of the January 1 lien date. If comparable current market data information would indicate a decline in the value of your property by comparison to the current assessment, you would be entitled to a reduction in your property taxes.
This is a Board established by the Board of Supervisors to decide on value opinion differences between the Assessor and the property owner. Property Tax Advisors will present your case to the Assessment Appeals Board on your behalf using current comparable market data information.
If all taxes are paid current, the Auditor-Controller will issue a refund for overpayment of taxes for the tax year appealed.
Your taxes would remain the same for the filing year. We will file an appeal for the following tax year to seek a reduction.
A Base Value reduction is a permanent reduction in your assessed value. This type of appeal is filed if the property owner thinks he/she overpaid on the purchase price. A bidding war could have led the buyers to pay more than the listing price. Other possible reasons for filing a “Base Value Appeal”could include problems with the property that were not properly disclosed to the buyer at the time of purchase.
A “Proposition 8 Decline-in-value Appeal” is a temporary reduction based on changes in market conditions. Typically, the Assessor reviews these values on an annual basis.
Can the Assessor raise my assessed value once I get a reduction? The Assessor cannot raise a Base Value reduction. The Assessor can raise a Proposition 8 reduction only if the comparable market data can support a restoration in Assessed values. In no event can the assessed value be raised beyond the original value plus 2% annual adjustments.