Types of Tax Appeals
A Proposition 8 appeal may be filed when the current fair market value of your property has fallen below its assessed value. This type of appeal is commonly used during periods of declining real estate markets and can result in a temporary reduction in your property taxes until market values recover.
Property owners may appeal the assessed value established at the time of purchase or ownership transfer. If the Assessor’s Office overestimated the property’s fair market value on the date of acquisition, a successful appeal can reduce the property’s taxable base value and generate substantial long-term tax savings.
An appeal may be appropriate when the Assessor has incorrectly determined that new construction or a reassessable event occurred, or when the value assigned to completed construction exceeds its fair market value. Property owners can challenge both the existence of a reassessable event and the amount of value added to the assessment.
Property owners whose property has been damaged or destroyed by fire, flood, earthquake, landslide, or other qualifying calamities may be eligible for property tax relief. An appeal can help ensure the assessed value reflects the property’s reduced condition and market value following the damage.
Businesses may appeal the assessed value of machinery, equipment, furniture, fixtures, leasehold improvements, and other taxable personal property. An appeal is warranted when the Assessor’s valuation exceeds the property’s actual market value or when depreciation has not been properly recognized.
Property owners may challenge penalties imposed by the Assessor when there is reasonable cause for late filing, non-filing, or other compliance issues. If the penalty was improperly assessed or circumstances justify relief, the Appeals Board may reduce or remove the penalty.
An appeal may be filed when property has been incorrectly classified by the Assessor. Examples include disputes regarding land use, property type, exemption eligibility, or the allocation of value between land, improvements, personal property, and fixtures. Correct classification can significantly affect the property’s assessed value and tax liability.
Following a business property tax audit, the Assessor may issue additional assessments, commonly known as escape assessments. Property owners have the right to appeal if they believe the audit findings, valuation methodology, depreciation factors, or resulting assessment amounts are incorrect.
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