- Taxes imposed on the basis of the property's value.
Ad Valorem Property Tax:
- The taxable value of a property against which the tax rate is applied.
- The person to whom the property is being assessed.
- The assessee may file an appeal for reduction of assessed value on the current local roll during the regular filing period for that year, between July 2 and November 30 with the Clerk of the Board of Supervisors. For supplemental or escape assessments, appeals must be filed within 60 days of the date of the notice.
- A three-member panel appointed by the Board of Supervisors, operat- ing under state law, to review and adjust assessments upon request of a taxpayer or his or her agent. (See assessment appeal).
Assessment Appeals Board:
- The official list of all property within the county assessed by the Assessor.
- The year following the annual lien date and the regular assessment of property beginning on July 1.
Assessment Roll Year:
- Proposition 13 establishes the 1975-76 regular roll value as the original base year value. Thereafter, new construction or a change in ownership to the subject real property will create a new base year for such property.
Base Year value:
- Basic aid school districts rely principally on locally derived property tax revenues to fund school operations, rather than on Statewide reallocation formulas based on average daily attendance and other factors. School districts become "basic aid" when the projected level of revenue provided by local property taxes exceeds the state formula.
- Business personal property is assessable and includes computers, supp- lies, office furniture and equipment , tooling machinery and equipment. Most business inventory is exempt. (see personal property)
Business Personal Property:
- When a transfer of ownership in Real Property occurs, the Assessor determines if a reappraisal is required under state law. If required, the reappraised value becomes the new base value of the property transferred, and a supplemental assessment is enrolled.
Change In Ownership:
- The Consumer Price Index as determined annually by the California Bureau of Labor Statistics.
Consumer Price Index(CPI):
- When property that should have been assessed in a prior year is belatedly discovered and assessed, it is referred to as an "escape assessment" be- cause it is an assessment that levied outside the normal assessment period for the lien date(s) in question.
- Some changes in ownership may be excluded from reappraisal if a timely claim is filed with the Assessor's Office that meets the state qualifications. Examples include the transfer of real property between a parent and child or senior citizens over age 55 who has replaced their principal residence.
Exclusion From Reapraisal:
- Allowance of a deduction from the taxable assessed value of the property as prescribed by law.
- Taxpayers who own and occupy a dwelling on the lien date as their principal place of residence are eligible to receive an exemption of up to $7,000 of the dwelling's taxable value. The tax dollars reduced by the homeowner's exemption are returned to the County by the State of California.
- Charitable, hospital, religious or scientific organizations, colleges, museums, cemeteries, and disabled Veterans (for 100%, service connected disabled Veterans) are eligible for exemption.
- A property's base value is adjusted each year by the change in the California Consumer Price Index (CPI), not to exceed 2 percent. The factored base value is the upper limit of taxable value each year.
Factored Base Year Value:
- The period beginning July 1 and ending June 30.
- An improvement to real property whose purpose directly applies to or augments the process or function of a trade, industry or profession. It is an improvement that once was personal property but because of the use and manner of attachment to the real property it has become a fixture.
- The amount of cash or its equivalent value which property would bring if exposed for sale in the open market and as further defined in Revenue and Taxation Code 110.1.
Full Cash Value(FCV):
- Buildings or structures generally attached to the land. Improvements may also include certain business fixtures.
- The amount owed and created by the assessment of the property, or the amount levied against property by a taxing agency or revenue district.
- The time when taxes for any fiscal year become a lien on property; and the time as of which property is valued for tax purposes. The lien date for California property is 12:01 a.m. on January 1.
- On July 1, 1980 the Department of Motor Vehicles transferred all mobile- home licensing and registration to the California Department of Housing and Community Development (HCD). The law requires that mobile homes be classified as personal property and enrolled on the secured roll. This means that all mobile homes built new from July 1, 1980 to current are picked up and assessed by the County Assessor. All Mobile homes built prior to this date are licensed.
- The construction of new buildings, additions to existing buildings, or alterations which convert the property to another use or extends the economic life of the improvement, is reassessed establishing a new base year value for only that portion of the property.
- Real property assessment unit. Land that is segregated into units by boundary lines for assessment purposes.
- Any property except real estate, including airplanes, boats, and business property such as computers, supplies, furniture, machinery and equipment. Most business inventory, household furnishings, personal effects, and pets are exempt from taxation.
- The right a taxable person or entity has in a tax exempt public owned property. Examples of PI's are, a person has a lease on IID land for farming. A farmer leases 80 acres of Indian reservation land for farming. A car rental agency leases office space at the county airport.
- Passed by California voters in June, 1978. Proposition 13 is a Constitutional Amendment that limits the taxation of property and creates a procedure for establishing the current taxable value of locally assessed real property, referencing a base year full cash value.
- Passed by California voters in November 1978, Proposition 8 requires the temporary reduction in the assessed value when there is a decline in market value below the property's factored base year value.
- Land and Improvements to the land, which permits the possession of, claim to ownership of, or right to possess.
- Codified Laws that define and explain the application of Proposition 13 for the entire state.
Revenue and Taxation Code of the State of California (R & T):
- A listing of all assessed property within the county, It identifies properties, the owner, and the assessed value of the property.
- A parcel of property or a business personal property account that is a part of the Assessors Roll.
- Property on which the property taxes are a lien against the real estate.
- Direct charges or flat fees against property which are included in the total tax bill but are not based upon the Assessor's valuation of the property. Examples are a sewer charge or a school parcel tax.
- The Board consists of four members elected by California voters by district, and the State Controller whose duties in the field of taxation are imposed by the State Constitution and the Legislature. The Board regulates county assessment practices and administers a variety of state and local business tax programs.
State Board Of Equalization(SBE):
- When property is assessed due to a change in ownership or completed new construction, a supplemental assessment is issued. This is separate and in addition to the annual regular assessment roll. It is based on the net difference between the previous assessed values and the new value for the remainder of the assessment year(s). It is a pro-ration of your tax bill for the remainder of the assessment year (s).
- The roll, prepared or amended, contains properties in which a change in ownership or completed new construction occurred.
- The Assessor does not create the property tax bill. The bill is a creation by the Auditor/Controllers office, based on the property assessment and then collected by the Tax Collector.
- The maximum ad valorem basic property tax rate is 1 percent of the net taxable value of the property. The total tax rate may be higher for various properties because of voter-approved general obligation bonds that are secured by property taxes for the annual payment of principle and interest.
- This is the official list of property subject to property tax, together with the amount of assessed value and the amount of taxes due, as applied and extended by the County Auditor/Controller.
- Tax Rate Area is a specific geographic area all of which is within the jurisdiction of the same combination of local agencies for the current fiscal year. Each TRA will be identified by a unique number.
Tax Rate Area(TRA):
- Change in the ownership of, or change in the manner which property is held. Depending on the specific situation , a transfer may trigger or may not trigger a re-assessable event.
- Property on which the property taxes are not a lien against the real estate where they are situated, including personal property or improvements that are located on leased land.