Our most frequeuntly asked questions are listed and answered below. Please feel free to contact us anytime if you have any further questions.
Answer.
An assessment appeal is a process where property owners can appeal their property’s assessed value to the Assessor’s review board. Due to Proposition 8, if the market value of your property falls below the assessed value (shown on your tax bill) the Assessor’s office must temporarily lower the assessment to reflect market conditions. Property owners who believe the market value of their property is less than their current assessment should file a tax appeal with the Assessor’s office for review. If the Assessor’s office determines the market value of your property has declined the assessed value will be lowered to reflect market conditions, hence a reduction in your property taxes will occur.
Answer.
Yes, you or your appointed agent can file a tax appeal on your behalf. However, your success will depend on your knowledge of assessment appeal rules and procedures. You must have supporting market data of comparable properties and the ability to present an accurate argument to support a lower value to both the county tax assessor and at a formal hearing before the Assessment Appeals Board if the assessor does not agree with your value.
Answer.
There is no set amount. It will depend on the reassessed value agreed to by the Assessment Appeals Board. As an example only; if the assessed value of your property is lowered by $40,000 and your tax rate is 1.1% your tax savings would be $440.00
Answer.
Yes, pay your current tax bill. Chances are they will not get to your case prior to your property tax installment deadline. If successful in getting a reduction in value, you may receive a corrected bill in time for your April 10th installment. If you pay both installments prior to receiving a corrected tax bill, any overpayment will be refunded.
Answer.
Your taxable value reduction to market value is temporary and the assessor is required to review the market value of the property each lien date after the reduction. If the property value increases it cannot exceed the original assessed value plus the 2% annual inflationary factor per year.
Answer.
Yes, due to the fact that properties may have declined further in value the previous year. So, if you were not granted a refund last year, you may be entitled to one for 2008, and if you did receive a reduction your property may have further declined, hence another tax reduction may occur.
Answer.
One of Three things. Contact us by phone, e-mail us, or send a signed agency with the assessed properties address, your $85.00 check, and your current phone number so we may contact you if necessary.
Answer.
March 15th, 2008 for Riverside County. June 1st, 2008 for both San Diego and San Bernardino County.
Answer.
Yes, After the March 15th and June 1st deadlines an appeals application may be submitted up until Nov. 30th. We suggest filing before March 15th In Riverside County and June 1st in San Diego and San Bernardino Counties to expedite your case.
Answer.
$85.