What if I already received a Section 51 Value Reduction Notice of Property Tax Reduction from the Assessor?
You should still submit an Informal Assessment Review Form regardless. You still may qualify for additional tax savings since the Santa Barbara County Assessor’s Office uses a computerized Ad Valorem Mass-Appraisal technique which is based upon a simple straight-line reduction percentage applied to all properties across a large geographic area. This fixed decline percentage does not take into account the unique nuances and special aspects of your specific neighborhood or home, and may inadvertently overvalue your property. A comprehensive accompanying Real Estate Appraisal will consider all the unique aspects and more accurately value your specific home, and will also factor the many subtleties such as school districts, geographic boundaries, water districts, unique areas, etc. After the Proposition 8 Review Appraisal has been submitted, the Assessor’s Office is required to enroll the lesser value. What happens after my new lower Prop 8 Value The Santa Barbara County Assessor’s Office
Related Questions
- When I received my "Change of Assessment" notice, it had the Fair Market Value, the Taxable Value, and the Gross Assessed Value. What do these different values mean?
- What if I already received a Section 51 Value Reduction Notice of Property Tax Reduction from the Assessor?
- What is the Notice I received from the Assessor and how does it related to taxes?
