Monterey County Assessor
168 West Alisal St.
Salinas, CA 93901
Decline in value (Prop 8) Information
Revenue and Taxation Code Section 51 requires the assessor to enroll the lower of either the property's Factored-Base-Year Value (established under Proposition 13) or its market value as of the lien date (Jan 1).
This reduction is temporary and the assessor is required to review the market value of the property each lien date after the reduction until such time as the Factored-Base-Year Value is less than or equal to the market value.
When the Factored-Base-Year Value is again enrolled, the property is no longer subject to the annual review, and will receive indexing not to exceed 2% per year.
Proposition 13 does limit the increase to your base year value to 2% per year. However, the temporary reduction placed your assessment below your original base year value adjusted for inflation. As property values increase, the Assessor must restore your property's assessment to the lower of the original base year value adjusted for annual inflation factors, or the market value. This restoration from the market value to the original base year value adjusted for inflation often requires increases in value in excess of 2%. The increases in value beyond 2% per year are permitted under Section 51 of the California Revenue and Taxation Code.
No, once your property has been reduced, it will be reviewed annually each January 1. If current market values have risen, then your property assessment will be adjusted up to the current market value or the Proposition 13 base year value, which ever is lower. Once your property value returns to the Prop 13 value, the annual reviews will end.
Market value is estimated through reliable data from sales prices of the appraisal subject or of comparable properties as defined by Rule 4 (Property Tax Rules).
Your taxable value reduction to market value is temporary and the assessor is required to review the market value of the property each lien date after the reduction, until such time as the Factored-Base-year Value is less than or equal to the market value.
Unless there is a change in ownership or new construction, this increase in value cannot exceed the original assessed value plus the annual inflationary factor not to exceed 2% per year.
New Property Purchase information
The current tax bill is based on the assessed value as set on the previous Jan. 1 (prior owner's assessed value) and is payable as billed.
The new estimated market value (purchase price) is
enrolled and a supplemental will be issued reflecting the difference which
may result in a refund (if new purchase price is lower than assessed
value) or a bill (if purchase price is greater than assessed value).
Anticipate on receiving a refund or a bill, depending on the value
difference, within 30-90 days from date of notice.
State Law requires the Assessor to reappraise property
upon a change of ownership or new construction. The supplemental
assessment reflects the difference between the new assessed value and the
old or prior assessed value. If the property is reassessed at a higher
value than the old assessed value, a supplemental bill will be issued. If
the property is reassessed as a lower value than the old assessed value, a
refund will be issued.
First, please contact your local Assessor's Office. Appeal process available:
Prop 13 allows the tax bill to include bonded indebtedness (direct assessments) previously approved by the voters to be added to the 1% general tax levy. This amount will vary across the county.
When a deed is recorded to transfer title to a property, there is a section on the on the deed to indicate the mailing address to be used for the property tax purposes. This address is used until you sign a request for a change of address. If the records are not correct, it is because 1) the address written on the deed was not correct, 2) a mistake was made inputting the information into the computer system, or 3) notification of the a different address was not received. If address is incorrect, please submit your changes in writing, so we can update our records immediately.
If you own property in Monterey County, it is important to keep your current mailing address on file with the Assessor's Office to assure delivery of important assessment notices. Assessor mailing address information is also passed to the Treasure-Tax Collector for the purpose of mailing property tax bills.
Mailing address changes may only made by the owner of record or their pre-designated agent (requires appropriate identification) and must be in writing. Change of Address cards are available in any Assessor's Office located at 168 W. Alisal St, First Floor, Salinas, CA or requests may be made via correspondence to the Assessor's Office at P.O. Box, 570 Salinas, CA 93902. Please include the following:
The additional questions listed below represent some of the most common inquires we receive in the Assessor's office. The California State Board of Equalization also maintains an extensive list of Frequently Asked Questions related to the assessment process which we encourage you to review by clicking here.
What does the Assessor do?
What type of property is subject to assessment?
Are there any exemptions or exclusions that would reduce my assessment?
What is a supplemental assessment?
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