October 2017 Tax Resources and Information
Tax Resources and Information
Revenue and Taxation Code section 170(a)(1) allows homeowners to apply for reassessment of their property if it has been the damaged or destroyed by Governor-declared disaster. The county assessor will immediately reappraise the property to reflect its damaged condition. In addition, when it is rebuilt in a like or similar manner, the property will retain its prior value (Proposition 13) for tax purposes. If a manufactured home is totally destroyed in a Governor-declared disaster, it may be replaced by a comparable unit without an increase in either the property taxes or the vehicle license and registration fees.
Section 194.1 of the Revenue and Taxation Code allows any owner of eligible property who files a claim for calamity reassessment pursuant to Section 170 on or before the next property tax installment delinquency date (December 10, 2017) to ask the county assessor to defer payment of that installment of property taxes on the regular secured roll for the current fiscal year (deferral does not apply to impound accounts handled by your lender). The new due date for the deferred taxes will be 30 days after you receive the corrected property tax bill. If delinquency date falls on a weekend or holiday, as it does in this case, the delinquency date is the next business date.