Posted in: Blog, Posted On: 14-07-2014, Posted By: Steven Schroeder

In July property owners throughout California will receive Property Value Notices (“Notice”) from the county assessor’s office.  The Notice is not a bill.  At least it isn’t a bill YET.  The Notice basically states that the property referenced in the notice has been reviewed by the Assessor Department for the upcoming year to determine the new property tax for that particular property.

The Notice tells the property owner what the Assessor believes the property is worth.  If the property owner disagrees with the Assessor the property owner has the right to appeal the taxable value of the property.

The property owner must file an application for changed assessment with the Clerk of the Board of Supervisors.  The filing period is July 2, 2014 through September 15, 2014.  The property owner must be able to show that the property value, as of January 1, 2014, was less than what the Assessor stated the taxable value was.

This can be quite tricky as the property owner has to show the value of the property 7 months prior to the property owner receiving the Notice.  Sites such as Zillow and Trulia cannot be used.  Moreover, recent sales in the neighborhood cannot be used, i.e. you cannot simply state or show that your neighbor’s house sold for X amount.  The valuation has to be specific to the property, such as an appraisal or broker price opinion. 

Should you or anyone you know have questions regarding this process please do not hesitate to contact our office.  

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Santa Ana, CA 92706

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