Important Point about Prop 8 Reviews

  • The Assessor can only consider the market value of your property as of the lien date (January 1, 2019).
  • The market value of your property will be determined by analyzing sales of comparable properties transacting near in time to the lien date. Neither the Assessor nor the Assessment Appeals Board may consider sales recorded after March 31, 2019 as evidence as to the market value of property as of the lien date (Section 402.5 of the Revenue and Taxation Code).
  • Properties similar to yours selling for less than your current assessed value is compelling evidence to reduce your assessed value

* Base year value/inflationary factor:

The base year value is the value established as of the date of acquisition and/or completion of new construction. This value is adjusted each year by an inflation factor. The inflation factor is the lesser of 2% or the California Consumer Price Index (CCPI) rate.