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What is a “Proposition 8” value?

From time to time, the market value of a property on January 1 may have fallen below the Prop 13 adjusted base year value. In this situation the Assessor has the authority to reduce the assessed value to the current market value as of January 1. This is sometimes referred to as a “Proposition 8” assessment, after the November 1978 proposition that amended Article XIII A to allow these reductions in value.

If my property is damaged in a fire, is this taken into consideration when appraising the property?

Yes. If the loss was over $10,000, and if the Assessor has been informed of the damage, this will be taken into consideration. Other calamity damage is also taken into consideration. Please contact the Assessor if your property has experienced fire damage.