COM 0915.005 2004-2006 - Laserfiche WebLink

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This notice is to inform you of your property's 2006-2007 taxable value which will appear on you tax bill. If you believe that the market value as of January 1, 2006 was less than the amount shown, please contact us by phone (408) 299-5300, fax (408) 299-3015, Internet www scc-assessor.oro or write this office prior to June 15, 2006, to request a review. Please refer to your property's parcel number when you call, fax or write, and include a daytime phone number. If a value reduction is appropriate, as determined by the Assessor prior to July 1, 2006, the value can be changed and a new notice mailed. After that date, or if the Assessor does not agree to a reduction, you must apply to the Assessment Appeals Board for relief. Application for reduced assessment must be filed between July 3 and September 15, 2006 with the Clerk of the Board, County Government Center, 70 West Hedding Street, East Wing, Tenth floor, San Jose, CA 95110. Applications may be obtained by calling the Clerk at (408) 299-5001. The Clerk will send a notice of the scheduled hearing date. However, your appearance at the hearing may be waived by the Assessment Appeals Board if a written stipulation of value is presented, signed by you or your agent, the Assessor, and the County Legal Officer. The base year value is established, pursuant to State law (Proposition 13), which requires that all real property be assessed at its 1975-76 market value, and thereafter, be reappraised upon change in ownership or new construction. Furthermore, an annual inflation factor will be added, not to exceed 2%. A new base year appraisal at market value for ownership change or for the completed construction will cause a separate supplemental assessment and a separate supplemental tax bill(s) to be issued. Partially completed construction will be reappraised each lien date. A temporary reduction (Proposition 8) can be given when the current market value as of January 1, 2006, is less than the property's factored base year value. The reduced value will be reviewed annually until the property's factored base year value is fully restored. The value may be partially increased or fully restored in any given year, depending upon market conditions. Partial increases or full restoration may result in an increase greater than 2% for that year. The value shown on this card... plus any taxable property placed on the roll as a result of a business property assessment... minus any exemption for which you qualify... will be the basis of your property tax bill. Other direct assessments may be added to the bill by other public agencies. The law also authorizes the Assessor four years to review and revise the base year value of your property. ss~ V EBBS REV 3/06