Unfortunately, the property tax reductions available under Proposition 8 are only available for the “current year”. Each county has it’s own deadlines for when the reassessment requests may be submitted – in general the timeframe if from early July through late Novemnber but this does vary from county to county.
To see your county’s specific deadlines for reassessments and appeals please visit our Assessor’s Office page.
The time it takes to hear back from your local Assessor’s office varies from county to county. We’ve seen it take a few weeks in some case to a year or more in some cases. If you have any quesions about the status of your reassessment request call your local Assessor’s office and ask about the status.
Sure you can. The process of exercising your rights under Proposition 8 are free to the public. Where we come in is that we have expertise and professional knowledge in the field so the documentation will be done correctly and the property evaluations will have enough supporting documentation so that the county doesn’t challenge our assessments. The key here is supporting documentation – anybody can say “My house is worth XXX” but in order for the County to recognize this, you need proof. This is where we come in.
In 1978, California voters passed Proposition 8, a constitutional amendment that allow a temporary reduction in assessed value when a property suffers a “decline-in-value.” A decline-in-value occurs when the current market value of your property is less than the current assessed value as of January 1.
