Property Tax Savings: Proposition 8

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What if I disagree with the Assessor’s findings?

You can file an appeal with Assessment Appeals Board through the Clerk of the Board’s website. For filing deadlines and additional details about the appeals process, please visit the Clerk of the Board website at https://cob.sbcounty.gov/assessment-appeals/.

What is the factored base year value (FBYV) of my property?

Proposition 13, adopted by California voters in June 1978, mandates that the Assessor appraise real property based on its value at the time of ownership or new construction.

The factored base year value (FBYV) of real property is either the market value from 1975 or the value established when the property last changed ownership or underwent new construction. This value is then adjusted by an annual inflation factor not to exceed 2% per year.

How do I apply for a Decline-In-Value assessment?

To apply for a Decline-in-Value Review, you must submit the ARP-068: Application for ‘Declined in Value’, Proposition 8 form to the Assessor’s Office between January 1^st and December 31^st . Applications are considered timely if they are postmarked by December 31^st. If December 31^st falls on a Saturday, Sunday, or a legal holiday, application will be accepted if filed or postmarked by the next business day.

On your application, you encouraged to provide information that supports your opinion of value as of January 1. The most effective documentation includes details on sales of comparable properties.