- What is Proposition 8? Prop 8 was an early amendment to Prop 13, stating that the only reassessments that can happen at market value occur when there is a change of ownership or a new construction. Until one of these events happens, assessments can only increase by the consumer price index and this can be no more than 2%.
- Why wasn't my property reduced? Santa Cruz County has a very complex and varied real estate market. Wide spread reductions are very difficult
- What if I think my assessment is too high? The Assessor has a one page form which may be submitted as a "Request for Reappraisal".
- When must I file a request for review? A request can be submitted at any time and the Assessor has the authority to reduce the current year's assessment.
- What happens when the market recovers? ...
To get further answers to all of these questions and more please visit the Santa Cruz County Assessor's Website at http://www.co.santa-cruz.ca.us/tax/prop8pam.htm
No comments:
Post a Comment