Paul Cooney  provides these documents as a courtesy only and makes no representations or warranties as to the enforce ability of the terms or language used in the documents and is relieved and held harmless from any all liability in connection with the usage of these documents. Parties using these documents are advised to see the advise of their attorney or tax advisers prior to usage of the documents as there may be legal consequences. 

Propositions 60/90 Senior Citizen Replacement Dwelling Benefit

In most cases, these constitutional tax initiatives allow senior citizens to transfer the trended base value from their current home to a replacement property if certain requirements are met. This may result in substantial tax savings.

Who Qualifies? If you or your spouse that resides with you are age 55 or older, you may buy or construct a new home of equal or lesser value than your existing home and transfer the trended base value to your new property.This is a one-time only benefit. You must buy or complete construction of your replacement home within two years of the sale of the original property. Both the original home and the new home must be your principal place of residence. A claim must be filed within three years of purchasing or completing new construction of the replacement property. If a claim is filed after the three-year period, relief will be granted beginning with the calendar year in which the claim was filed. Once you have filed and received this tax relief, neither you nor your spouse who resides with you can ever file again. Click here for more information about Propositions 60/90

Proposition 110 Severely and Permanently Disabled Resident Exclusion

Proposition 110 is a constitutional initiative passed by California voters that provides property tax relief for severely and permanently disabled claimants when they sell an existing home and buy or build another. It allows the transfer of the base-year value of their existing home to a newly purchased or constructed home within select counties in the State of California. In addition, the initiative also provides relief for modifications that make a home more accessible for a severely disabled person. Click here for more information about Proposition 110

Proposition 13 Property Tax Reform

Property tax value was rolled back and frozen at the 1976 assessed value level. Property tax increases on any given property were limited to no more than 2% per year as long as the property was not sold. Once sold, the property was reassessed at 1% of the sale price, and the 2% yearly cap became applicable to future years. This allowed property owners to finally be able to estimate the amount of future property taxes, and determine the maximum amount taxes could increase as long as he or she owned the property. Click here for more information about Proposition 13 Property Tax Reform

Proposition 8 Decline-in-Value

In 1978, California voters passed Proposition 8, a constitutional amendment that allows 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.

Over the past several years, the Office of the Assessor has proactively reviewed hundreds of thousands of properties that may have declined in value due to the housing market downturn and the recession. In 2013, the Office the Assessor processed 365,000 Decline-in-Value reductions.

However, now that property values are rising, property owners that experienced a reduction in property taxes could see their property bill go up by more than two percent. Taxpayers are encouraged to review this information about Decline-in-Value and how property value is assessed.  Click here for Deciline-in-Value Prinatable Brochure

Mills Act Property Tax Program

The Mills Act is an economic incentive program in California for the restoration and preservation of qualified historic buildings by property owners. En-acted in 1972, the Mills Act legislation grants participating cities and counties the authority to enter into contracts with owners of qualified historic properties who actively participate in the rehabilitation, restoration, preservation, and maintenance of their historic properties. The Mills Act permits property tax relief to offset these costs.  Click here for more information about Mills Act Property Tax Program

Property Assessment Data & Maps

The Assessor has developed the Property Assessment Information System (PAIS) to enhance Internet services to the public. Currently you may research assessment information for individual parcels, print Assessor maps, and search for sales within the past two years. Click here to Search for Property Assessment Data & Maps on your home

Guide to New Construction and Property Taxes

Most people typically consider “new construction” as building a new structure or adding on to an existing one. Under California property tax law, however, “new construction” can also mean renovating a structure to change its use; rehabilitating a structure to a “like new” condition; or even removing a structure. However, not every building permit for new construction results in reassessment. Generally, the Assessor’s office reviews thousands of building permits annually. Yet, less than half result in a new, higher assessment. Click here for Guide to New Construction and Property Taxes

Death of a Property Owner

The Assessor’s Office must be notified upon the death of an owner within 150 days of the date of death, or if the estate is probated at the time the inventory and appraisal is filed. Click the button below to complete and submit the Change of Ownership Statement (Death of Real Property Owner). This form is required even if the decedent held the property in a trust. Click here for more Information on Death of a Property Owner