Q: Can the assessed value of my property be decreased?
A: Yes. The assessed value of property can be decreased when ever damage occurs such as fire, or when structures are removed. State law (Proposition 8, Temporary Reduction of Assessed Value For Property Tax Purposes, passed in 1979) also allows property values to be reduced if there is a decline in market values below the current assessed value. Click here for APPLICATION FOR REVIEW OF ASSESSMENT. This document is in Acrobat PDF format.
