Important factors to remember related to a Decline in Value review on your property:
This type of property tax relief generally applies to more recently purchased property.
Property acquired after January 1, 2010 are not eligible for Proposition 8 review for the 2010-11 tax year.
The Assessor will be valuing the property as of the most recent January 1st.
Certified Appraisers will analyze sales and other information for comparable properties.
Property tax payments are due as indicated on your property tax bill. If a reduction in assessed value is warranted, a notice of correction and revised tax bill or refund will be processed by the County Tax Collector and County Auditor.
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