Please find the attached copy of the press release informing property owners that they have until December 31, 2011, to file a 2011 Decline-in-Value application. This is separate from the Misfortune and Calamity application. For a decline-in-value review, the Los Angeles County Assessor’s Office compares the assessed value (value on your 2011 property tax bill) to the fair market value as of January 1, 2011. If the assessed value is higher than the fair market value, we will make a temporary reduction. To determine fair market value, we look at comparable sales within 90 days of the January 1 date. The application for a Decline-in-Value Review is available online at: www.assessor.lacounty.gov
Wind Storm Damage Info
Post Tags: Los Angeles County Assessor