Did Your 2014-15 Property Tax Jump? Why… and What You Can Do About It
Close to 220,000 residential home owners saw their property taxes increase as of July 1 (the start of the 2014-15 tax year). Most of these home owners were receiving a break on their property taxes in 2012-13 due to the decline in home value assessments in January 2013.
From January 1, 2013 to January 1, 2014, home prices have appreciated more than five time their assessed value. This is why many home owners’ taxes have been reverted back to their pre-reduction rate.
Taxes are predicted to increase 10 to 20 percent. Some lucky property owners could see more than a 20 percent increase, depending on assessments. You should have been notified of the valuation change in July, and you will receive your tax bill in September.
The average reduction home owners received in 2013-14 was approximately $1,600. Since January 2014, median home values are up about 18 percent. That means a significantly higher rate for most.
What can you do if you feel your taxes were raised too much? Appeal the assessment. Usually the deadline to appeal is December 1. However, due to the high number of appeals the county assessor has received, the deadline for appeal has been extended to May 16. Remember, just because you file an appeal, that doesn’t mean you don’t have to pay your taxes in the meantime.
For information on how to appeal residential property assessments follow this link… Residential Property Appeals. Read all of the information carefully before you make the decision to appeal. If you do choose to file, follow this link… Application for Changed Assessment to fill out and print the PDF form. For help understanding the process and step-by-step instructions go HERE to visit the San Diego County webpage to learn everything you need to know.
Mail the completed application to:
Clerk of the Board of Supervisors
1600 Pacific Highway, Room 402
San Diego, CA 92101-2471
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