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Decline in Value (R&T Sec. 51)

The Assessor prepares the 2015-16 assessment roll (value as of lien date January 1, 2015) during the fiscal year that begins July 1, 2014 thru June 30, 2015.

All property owners will be mailed a Value Notice in July 2015 that will show the assessed value for 2015-16.  However, if you have not received a notice by July 30, 2015 or you receive a notice and feel the value is too high, you may contact the Assessor's Office and ask for an informal review. Pursuant to Revenue and Taxation Code Section 2611.6 (j)(1) "That if the taxpayer disagrees with the assessed value as shown on the tax bill, the taxpayer has the right to an informal assessment review by contacting the assessor's office."

You may contact the Assessor's Office for an informal review by:

Phone at (805) 654-2181

Fax at (805) 645-1305

Mail at
Ventura County Assessor
800 S. Victoria Ave
Ventura, CA 93009-1270

Or by email

If you disagree with the value you may file a formal Assessment Appeal Application with the Clerk of the Assessment Appeals Board between July 2, 2015 and September 15, 2015. (see "Protect Your Rights")

Important-Protect Your Rights

If you disagree with the Assessor’s value determination, you have the right to file an Assessment Appeal Application with the Clerk of the Assessment Appeals Board between July 2 and September 15, 2015.

Important Factors to Remember
  • The Assessor will be valuing the property as of the most recent January 1st. Decline in Value (R&T Sec. 51) does not allow for relief pertaining to other dates nor to supplemental assessments.
  • The total assessed value will be reviewed. There is no legal provision to review separate land and/or improvement assessments; only the total assessed value.
  • Our certified Appraisers will analyze sales and other information for comparable properties that would indicate market value.
  • Comparable sales utilized to appraise your property must be recorded no more than 90 days after January 1, 2015.
  • Property tax payments are due as indicated on your property tax bill. If a reduction in assessed value is warranted, a notice of correction and revised tax bill or refund will be processed by the County Tax Collector and County Auditor.
The Decline in Value (R&T Sec. 51) Reassessment Program

“If the market value of your property as of January 1, 2015 , was below the total assessed value as shown on your 2015-16 value notice and/or annual property tax bill, your property may qualify for a temporary assessed value reduction.”

Decline in Value (R&T Sec. 51) Temporary Decline in Value

Decline in value (R&T Sec. 51) was passed in 1978 and allows the Assessor to temporarily lower the assessed value of property. Under Decline in Value (R&T Sec. 51), the Assessor may review the market value as of January 1, and enroll for the following tax year the lesser of the:

Factored-Base-Year Value Proposition 13
or
Market Value Decline in Value (R&T Sec. 51)

Reductions in assessed value under Decline in Value (R&T Sec. 51) are temporary and are reviewed annually until the Factored-Base-Year value is again lower than market value and then the factored-base-year value is reinstated.

Unless there is a change in ownership or new construction, the assessed value can never increase above the base-year value, plus the appropriate annual cost of living increase not to exceed 2 percent per year, according to Proposition 13.

Proposition 13 - Base Value

Proposition 13, passed in 1978, established the base-year value concept for property tax assessments. Under Proposition 13, assessments for the year 1975-76 serve as the original base year values. Thereafter, a new base-year value is established whenever a property is purchased, newly constructed or changes ownership. The base-year value is increased a maximum of 2 percent per year.

Protect Your Rights

You have the right to file an appeal with the Assessment Appeals Board. The filing period is from July 2 through September 151, inclusive. Assessment appeal applications are available from the Clerk of the Assessment Appeals Board.

The Assessment Appeals Board is an independent body appointed by the Board of Supervisors to serve as the local Board of Equalization. The Assessment Appeals Board will determine the value of the property after hearing evidence from the applicant and a representative of the Assessor's Office.

Assessment Appeals

A request for an informal value review is not the same as filing an assessment appeals application with the Clerk of the Assessment Appeals Board.

IMPORTANT

See filing dates below before completing and assessment appeal application

Regular Assessment Appeal: Filing dates are July 2 through September 15 of the current year.

Supplemental Assessment Appeal: Filing dates are within 60 days after the mailing date printed on the Notice of Supplemental Assessment or the postmark date on the envelope in which the notice was mailed, whichever is later.

Escape Assessments: Filing dates are within 60 days after the mailing date printed on the Notice of Enrollment of Escape Assessment or postmark date on the envelope in which the notice was mailed, whichever is later.

Other assessments made outside of the regular assessment period: Appeal filing dates are within 60 days after the mailing date printed on the assessment notice or postmark date on the envelope in which the notice was mailed, whichever is later.