Trying to figure out your Property Notices of Value? I was, too! Hello, this is Gary Edelbrock, and Pam Pearsall, from the County Assessor's Office, sent me a copy of the Property Evaluation Pamplet, which you can find on the county website. The problem is, the version on the county's website is created for printing purposes, and the pages are all jumbled and out of order. Never fear - our crack graphics & layout team have created a digital version with the pages in the proper reading order:
Download the Property Evaluation Pamplet here.
In the meantime, Pam wanted to make sure you had the following information:
About the 2013 Notices of Value
The 2013 Notices of Value were mailed February 17, 2012, and they are called the ‘2013 Notices of Value’ because they will be used to calculate the 2013 tax bill.
The 2013 Full Cash Value is not an estimate of the market in 2013. It is an estimate of market value as of 1/1/2012. Statute defines Full Cash Value as being synonymous with Market Value and requires the Assessor to value property at Market Value.
(Sales used for the 2013 values were taken from January 2010 through June 2011. These will be the values that will be used to calculate the 2013 tax bills.)
Our studies for 2013 show a continuation of a decline in the market for the 2013-2014 Notice of Values (based on sales studies to date).
Each year Notices of Value are mailed and represent the market value of property at the beginning of that current year, but are used for the tax bill calculation for property tax for the future year. A notice of value will be mailed for your property before March 1st of every year, but it is the value for the tax bill you will receive in 18 months. Be sure if you’re going to appeal your value that you do it in the time allotted (60 days; the deadline is printed on all notices of value). Once tax bills have been calculated and mailed, you have lost your option to be heard regarding your values.
The State Legislature has passed several laws this year that will dramatically impact the residential property owner. You are encouraged to call either of our offices for help in understanding the new laws and their impact on your property.
Again, here's the link to the Property Evaluation Pamplet. Feel free to pass the link to your friends, because the only place you can get the proper digital version is on the eNews websites.