|
As devastating wildfires continue to impact the lives of Californians, destroy homes, outbuildings, and property this year, we need fire survivors to know of the property tax relief available to alleviate some of their pain and help rebuild their lives.
Affected properties in Governor-proclaimed disaster areas or properties that have experienced a misfortune or calamity may qualify for property tax relief so long as the loss estimate is at least $10,000 of the current market value of the property. In many cases, the damaged property will be eligible for a reduction in property taxes, with some taxes refunded to the property owner if already paid. Once rebuilt, the property's pre-damaged value will be restored. To qualify for property tax relief, property owners must file a claim with their County Assessor's Office within 12 months from the date of damage or destruction or the time specified in their county's ordinance, whichever is later. Eligible property owners may also apply for a deferral of their next property tax installment without penalties or interest.
The BOE's Taxpayers' Rights Advocate Office recently published a new publication, Information Guide for Disaster Relief for Damaged or Destroyed Property, outlining the various types of property tax relief—from the date the property was damaged or destroyed and then later, once the property is rebuilt or if a different property is purchased. The BOE's Disaster Relief webpage also has more information, additional resources, and answers to frequently asked questions (FAQs).
Affected property owners are strongly encouraged to contact their County Assessor's Office to begin their claim for property tax relief or to contact my office with any questions.
Thanks to FOX 40 News for including me in their recent story and for shining a spotlight on this important property tax relief program.
|