Notice of Valuation
Mailing date: Between January 1st and March 1st each year
All property must be valued at full cash value. Your property also has a limited value that cannot exceed the full cash value. The limited assessed value is the basis for computing primary taxes for the maintenance and operation of school districts, cities, community college districts, counties, and the state. The assessed value derived from the full cash value is the basis for computing secondary taxes for bonds, budget overrides, and special districts such as fire, flood control, and other limited purpose districts. The assessed value divided by 100, times the tax rate (set in August of each year), determines property taxes billed in October.
The legal class is based on your use of the property.
|LEGAL CLASS||ASSESSMENT RATIO||USE OF PROPERTY|
|1||23%||Commercial and/or Industrial|
|2||16%||Vacant land, and all property not included in other legal class|
|3||10%||Owner-occupied property used for residential purposes including that which is rented for not more than 3 of the preceding 12 months and property rented to a family member|
|4||10%||Leased or rented property used for residential purposes|
|M||Mixed Use (more than 1 legal class)|
If two or more legal class definitions apply to a single property, a combined assessment ratio will be printed on the front of this notice, and an "M" (mixed use) will appear in the class column. The legal description on the face of this notice may be incomplete due to space limitation. Please notify your assessor of any address changes.
Appeal Instructions. If you feel that your property has been improperly valued or erroneously listed, you may petition the assessor for review within 60 days of the Notice Date on the front of the card. A "Petition For Review of Valuation" can be obtained from the assessor's office.
Completed petitions for review must be filled with the Assessor's office by the Appeal Deadline Date printed on the front of the notice.