FAQs
FREQUENTLY ASKED QUESTIONS
Who is a good candidate for a Property Tax Reduction?
Any Site Owner that feels their current property value has declined or the ‘current fair market value’ of their property is less than when it was originally purchased. An appeal may also be justified if you feel the County Records are inaccurate.
What types of properties does SoCal Tax Assessments appeal?
SoCal Tax Assessment professionals have more than 15 years of experience in Southern California Commercial Real Estate. Our core business is focused on Office, Industrial, Retail, Apartments and Land. SoCal Tax Assessments will be happy to support your SFR appeals as well.
Does SoCal Tax Assessments provide any other property tax appeal services other than ‘Decline in Value’?
Yes. Base Year Appeals, Supplemental Appeals, Calamity Assessments and Escaped Assessments
What is the most common type of appeal?
SoCal Tax Assessments can initially file an informal ‘Proposition 8 Decline in Value’ with the County Assessor. If necessary, we will proceed with a more formal ‘Decline in Value’ hearing request at the Assessment Appeals Board (AAB).
Can my taxes increase from the ‘Decline in Value’ Appeals Process?
No. The taxpayer is protected by Proposition 13, which limits reassessment for changes in ownership or new construction, as is limited to a California inflationary allocation of 2% annually. This means there is no disadvantage to filling an appeal.
How much do these services cost?
No Savings = No Fee. SoCal Tax Assessment works 100% on a contingency basis. That means if we don’t reduce the site owner’s property taxes through a reduced tax bill or retroactive refund check, we don’t get paid.
How many years will I benefit from the reduced Assessed Value and tax bill?
“Decline in Value Reviews” contest the current tax year. If the market continues to decline or maintain a lower value, appeals can be filed for subsequent years.