Getting a new property tax appraisal

[beachlover]

I purchased my house in Nov. 2007 and for obvious reasons would like to have it re-assessed for property tax.

What are the steps I need to take? What are the fees associated with the process? How long will this take?

TIA.

[nostradamus]

Hello. Here’s what’s on the assessor’s website:

Q. When can I appeal my assessed value?

A. Under State law, if the current market value of your property (recent comparable sales) falls below the assessed or taxable value as shown on your tax bill, the Assessor’s Office is required to lower the assessment. This type of property tax relief generally applies to recently purchased property. There are two periods during the year in which the taxpayer may appeal their assessed value for a temporary reduction:

(1) Between March through May:
During this period, the taxpayer may submit a written request to the Assessor, indicating their opinion of value and providing supporting documentation, such as sales of comparable properties or a recent appraisal. For more information, call (858) 505-6262.
(2) Between July 2 and November 30:
During this period, the taxpayer must file an application form. Appeal forms can be obtained and must be filed with the Clerk of the Board at 1600 Pacific Highway, Room 402, San Diego, CA 92101-2471. For more information, call (619) 531-5777.

It doesn’t sound like there are any fees. I’ve heard getting it done is easy and quick. Anyone here get it done? If I were you I’d get it done ASAP then if your price goes down even more I’d get it done again (you might want to ask if there is a limitation of how many times you can get it re-assessed).

[nostradamus]

Hello. Here’s what’s on the assessor’s website:

Q. When can I appeal my assessed value?

A. Under State law, if the current market value of your property (recent comparable sales) falls below the assessed or taxable value as shown on your tax bill, the Assessor’s Office is required to lower the assessment. This type of property tax relief generally applies to recently purchased property. There are two periods during the year in which the taxpayer may appeal their assessed value for a temporary reduction:

(1) Between March through May:
During this period, the taxpayer may submit a written request to the Assessor, indicating their opinion of value and providing supporting documentation, such as sales of comparable properties or a recent appraisal. For more information, call (858) 505-6262.
(2) Between July 2 and November 30:
During this period, the taxpayer must file an application form. Appeal forms can be obtained and must be filed with the Clerk of the Board at 1600 Pacific Highway, Room 402, San Diego, CA 92101-2471. For more information, call (619) 531-5777.

It doesn’t sound like there are any fees. I’ve heard getting it done is easy and quick. Anyone here get it done? If I were you I’d get it done ASAP then if your price goes down even more I’d get it done again (you might want to ask if there is a limitation of how many times you can get it re-assessed).

[nostradamus]

Hello. Here’s what’s on the assessor’s website:

Q. When can I appeal my assessed value?

A. Under State law, if the current market value of your property (recent comparable sales) falls below the assessed or taxable value as shown on your tax bill, the Assessor’s Office is required to lower the assessment. This type of property tax relief generally applies to recently purchased property. There are two periods during the year in which the taxpayer may appeal their assessed value for a temporary reduction:

(1) Between March through May:
During this period, the taxpayer may submit a written request to the Assessor, indicating their opinion of value and providing supporting documentation, such as sales of comparable properties or a recent appraisal. For more information, call (858) 505-6262.
(2) Between July 2 and November 30:
During this period, the taxpayer must file an application form. Appeal forms can be obtained and must be filed with the Clerk of the Board at 1600 Pacific Highway, Room 402, San Diego, CA 92101-2471. For more information, call (619) 531-5777.

It doesn’t sound like there are any fees. I’ve heard getting it done is easy and quick. Anyone here get it done? If I were you I’d get it done ASAP then if your price goes down even more I’d get it done again (you might want to ask if there is a limitation of how many times you can get it re-assessed).

[nostradamus]

Hello. Here’s what’s on the assessor’s website:

Q. When can I appeal my assessed value?

A. Under State law, if the current market value of your property (recent comparable sales) falls below the assessed or taxable value as shown on your tax bill, the Assessor’s Office is required to lower the assessment. This type of property tax relief generally applies to recently purchased property. There are two periods during the year in which the taxpayer may appeal their assessed value for a temporary reduction:

(1) Between March through May:
During this period, the taxpayer may submit a written request to the Assessor, indicating their opinion of value and providing supporting documentation, such as sales of comparable properties or a recent appraisal. For more information, call (858) 505-6262.
(2) Between July 2 and November 30:
During this period, the taxpayer must file an application form. Appeal forms can be obtained and must be filed with the Clerk of the Board at 1600 Pacific Highway, Room 402, San Diego, CA 92101-2471. For more information, call (619) 531-5777.

It doesn’t sound like there are any fees. I’ve heard getting it done is easy and quick. Anyone here get it done? If I were you I’d get it done ASAP then if your price goes down even more I’d get it done again (you might want to ask if there is a limitation of how many times you can get it re-assessed).

[nostradamus]

Hello. Here’s what’s on the assessor’s website:

Q. When can I appeal my assessed value?

A. Under State law, if the current market value of your property (recent comparable sales) falls below the assessed or taxable value as shown on your tax bill, the Assessor’s Office is required to lower the assessment. This type of property tax relief generally applies to recently purchased property. There are two periods during the year in which the taxpayer may appeal their assessed value for a temporary reduction:

(1) Between March through May:
During this period, the taxpayer may submit a written request to the Assessor, indicating their opinion of value and providing supporting documentation, such as sales of comparable properties or a recent appraisal. For more information, call (858) 505-6262.
(2) Between July 2 and November 30:
During this period, the taxpayer must file an application form. Appeal forms can be obtained and must be filed with the Clerk of the Board at 1600 Pacific Highway, Room 402, San Diego, CA 92101-2471. For more information, call (619) 531-5777.

It doesn’t sound like there are any fees. I’ve heard getting it done is easy and quick. Anyone here get it done? If I were you I’d get it done ASAP then if your price goes down even more I’d get it done again (you might want to ask if there is a limitation of how many times you can get it re-assessed).

[EconProf]

I’ve done it and posted here about the process. The potential savings are huge, and I am amazed more people don’t take advantage of their rights to appeal.
The process is relatively simple and easily understood if you just work within the rules provided by the county Assessor’s office. The trick is to get your fair market value as of January 1 of this year. So only go by comparable sales prices on that date plus or minus 3 months. Nothing else, including today’s value, is relevant. Use your realtor sources for that, or internet research tools.
Right now, the appeals docket is overwhelmed with thousands of appeals–over 14,000 as of a few months ago. I see that number doubling or tripling as values fall further and people wake up to the possible savings. County officials may be so unable to process all these appeals that they simply grant you your requested number.
They have two years from the date you submit. One of my appeals is from last November and they haven’t even responded (but I know I am in their records–they give you a number).
The sidebar to this story is that county and city governments will see property tax revenues drop. The happy and fat years of 10% plus revenue growth and corresponding government bloat are over. Look for the new veto-proof CA legislature to end your Proposition 13 protections after the election.

[EconProf]

I’ve done it and posted here about the process. The potential savings are huge, and I am amazed more people don’t take advantage of their rights to appeal.
The process is relatively simple and easily understood if you just work within the rules provided by the county Assessor’s office. The trick is to get your fair market value as of January 1 of this year. So only go by comparable sales prices on that date plus or minus 3 months. Nothing else, including today’s value, is relevant. Use your realtor sources for that, or internet research tools.
Right now, the appeals docket is overwhelmed with thousands of appeals–over 14,000 as of a few months ago. I see that number doubling or tripling as values fall further and people wake up to the possible savings. County officials may be so unable to process all these appeals that they simply grant you your requested number.
They have two years from the date you submit. One of my appeals is from last November and they haven’t even responded (but I know I am in their records–they give you a number).
The sidebar to this story is that county and city governments will see property tax revenues drop. The happy and fat years of 10% plus revenue growth and corresponding government bloat are over. Look for the new veto-proof CA legislature to end your Proposition 13 protections after the election.

[EconProf]

I’ve done it and posted here about the process. The potential savings are huge, and I am amazed more people don’t take advantage of their rights to appeal.
The process is relatively simple and easily understood if you just work within the rules provided by the county Assessor’s office. The trick is to get your fair market value as of January 1 of this year. So only go by comparable sales prices on that date plus or minus 3 months. Nothing else, including today’s value, is relevant. Use your realtor sources for that, or internet research tools.
Right now, the appeals docket is overwhelmed with thousands of appeals–over 14,000 as of a few months ago. I see that number doubling or tripling as values fall further and people wake up to the possible savings. County officials may be so unable to process all these appeals that they simply grant you your requested number.
They have two years from the date you submit. One of my appeals is from last November and they haven’t even responded (but I know I am in their records–they give you a number).
The sidebar to this story is that county and city governments will see property tax revenues drop. The happy and fat years of 10% plus revenue growth and corresponding government bloat are over. Look for the new veto-proof CA legislature to end your Proposition 13 protections after the election.

[EconProf]

I’ve done it and posted here about the process. The potential savings are huge, and I am amazed more people don’t take advantage of their rights to appeal.
The process is relatively simple and easily understood if you just work within the rules provided by the county Assessor’s office. The trick is to get your fair market value as of January 1 of this year. So only go by comparable sales prices on that date plus or minus 3 months. Nothing else, including today’s value, is relevant. Use your realtor sources for that, or internet research tools.
Right now, the appeals docket is overwhelmed with thousands of appeals–over 14,000 as of a few months ago. I see that number doubling or tripling as values fall further and people wake up to the possible savings. County officials may be so unable to process all these appeals that they simply grant you your requested number.
They have two years from the date you submit. One of my appeals is from last November and they haven’t even responded (but I know I am in their records–they give you a number).
The sidebar to this story is that county and city governments will see property tax revenues drop. The happy and fat years of 10% plus revenue growth and corresponding government bloat are over. Look for the new veto-proof CA legislature to end your Proposition 13 protections after the election.

[EconProf]

I’ve done it and posted here about the process. The potential savings are huge, and I am amazed more people don’t take advantage of their rights to appeal.
The process is relatively simple and easily understood if you just work within the rules provided by the county Assessor’s office. The trick is to get your fair market value as of January 1 of this year. So only go by comparable sales prices on that date plus or minus 3 months. Nothing else, including today’s value, is relevant. Use your realtor sources for that, or internet research tools.
Right now, the appeals docket is overwhelmed with thousands of appeals–over 14,000 as of a few months ago. I see that number doubling or tripling as values fall further and people wake up to the possible savings. County officials may be so unable to process all these appeals that they simply grant you your requested number.
They have two years from the date you submit. One of my appeals is from last November and they haven’t even responded (but I know I am in their records–they give you a number).
The sidebar to this story is that county and city governments will see property tax revenues drop. The happy and fat years of 10% plus revenue growth and corresponding government bloat are over. Look for the new veto-proof CA legislature to end your Proposition 13 protections after the election.

[lostcat92120]

real quickly, how do you know if what you paid for your house would appraise over value without getting an appraisal.

I can’t trust Zillow.

[lostcat92120]

real quickly, how do you know if what you paid for your house would appraise over value without getting an appraisal.

I can’t trust Zillow.

[lostcat92120]

real quickly, how do you know if what you paid for your house would appraise over value without getting an appraisal.

I can’t trust Zillow.

[lostcat92120]

real quickly, how do you know if what you paid for your house would appraise over value without getting an appraisal.

I can’t trust Zillow.

[Author]

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