Should I File an Assessment Appeal?
The County Assessor is responsible for assessing all real and personal property in Orange County. Your property was assessed at the time you acquired it (base year value) and possibly reassessed if you made improvements like adding a room or a pool, or if the title to your property changed in some way (adjusted base values). The Assessor’s statement of your property’s taxable value is what is called the “roll value.” Each year, after the final roll is established by the Assessor, notices are sent to all property owners advising them of the current value of their properties. They are further advised that if they disagree with the value imposed by the Assessor they may file “An Application for Changed Assessment” with the Clerk of the Board during the Regular Filing Period of July 2 – September 15.
If homes in your area of the same size, condition and type have “sold” for less than the Assessor’s January 1 (lien date) Value, you may have a valid assessment appeal. Contact Regina Singh at Regina@ReginaSingh.com for comparable sales for your lien date period to see if that evidence substantiates an incorrect value. Presenting your case to the Assessment Appeals Board will require the submission of this type of evidence to support your opinion of lower value.
If you believe your property value is incorrect after reviewing your value notice and factual evidence, you should consider filing an assessment appeal. Forms are available at most County Libraries and are in a downloadable format on our Web site at: www.oc.ca.gov/cob/ And must be filed by the annual deadline of September 15. This brochure does not address all the requirements or assessment types. It is intended only as a general guide to assist you in determining whether to file the most common type of appeal.