What are the different types of property tax assessment appeals?
A DECLINE-IN-VALUE application is filed when the current market value of your property is less than the current assessed value as of January 1. 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” (source: Los Angeles County Guide to Proposition 8). A BASE-YEAR application is filed to appeal the Assessor’s initial assessment and is most commonly filed when the Assessor’s Base-year assessment was greater than the purchase price. A CHANGE OF OWNERSHIP application is filed to appeal an Assessor’s reassessment when in fact a reassessment should not have occurred. A CALAMITY application is filed when a property suffers severe physical damage, i.e., fire or flood.
