How long will it take for the Assessors Office to reassess the property based on my purchase?
A. The Assessor is required to complete the assessments for each calendar year by the following June 30th. For example, all transfers occurring between January 1 and December 31, 2008, must be completed by June 30, 2009. At the start of each new fiscal year, July 1, the Assessor’s Office has 6 months, January 1 to June 30, of work to begin processing. After the Assessor’s Office reassesses a property for a change in ownership, the information is sent to the Auditor/Controller and finally the Treasurer/Tax Collector’s Office for processing of a refund or bill, whichever is appropriate. Therefore, a supplemental refund or billing may not be generated for several months after a change in ownership occurs. In general, reassessments due to a change in ownership are usually processed within 4 to 6 months.
Related Questions
- If I am the owner of a property that is currently going through the appeal process (performed by the Assessors office), should I pay any property taxes by the upcoming deadline?
- What documents need to be submitted to the Assessor’s office upon the death of a property owner?
- How long will it take for the Assessors Office to reassess the property based on my purchase?
