The information for the properties searched for below reflects the value as of January 1, 2014 (the lien date)
for the 2014-2015 tax year. The 2014-15 property tax bill is based on the Taxable Value shown below.
Proposition 13 Value
First Floor Size:
Second Floor Size:
The Factored Base Year (Prop. 13) Value in the "Proposition 13 Value" row is based on the market value of your property when it was acquired, plus any new construction, plus an inflation factor of no more than 2% per year. Sometimes the market value of a property falls below its Prop 13 value. Prop. 8 allows the Assessor to enroll temporary declines in value.
The Prop. 8 value represents the estimated market value of your property as of the lien date. Once reduced, each property's value must be reviewed annually on January 1 to compare its current market value to its Prop. 13 value. The lower of the 2 values will become the taxable value for that year. While the Prop. 13 value can increase no more than 2% each year, there is no such limitation on the Prop 8 value. Therefore, the taxable value may increase or decrease more than 2% each year, but your assessment can not exceed your Prop. 13 value. Once the market value exceeds the Prop. 13 value, the Assessor will restore your Prop. 13 value as the assessed value.
If you have evidence that the assessment is not an accurate valuation of your property as of January 1, you have the right to file an Assessment Appeal from July 2nd through November 30. Further information and forms are available from the Clerk to the Board at in the Hall of Records, Room 301.