Is Your Property Tax Too High? Howard Jarvis Can Help

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Post on Feb 12, 2025

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Is Your Property Tax Too High? Howard Jarvis Can Help

Are you feeling the pinch of high property taxes in California? You're not alone. Many homeowners struggle with escalating property tax assessments, leaving them wondering if there's a way to lower their burden. The good news is, there's hope! Understanding the legacy of Howard Jarvis and the Proposition 13 protections can be your first step towards potentially reducing your property tax bill.

Understanding Proposition 13 and its Impact

The name Howard Jarvis might not be familiar to everyone, but his impact on California property taxes is undeniable. In 1978, Jarvis spearheaded Proposition 13, a ballot initiative that fundamentally changed the way property taxes are assessed in the state. This proposition limited property tax increases to a maximum of 2% per year and capped the assessed value of property at its 1975 value or the most recent purchase price, whichever is lower.

This means that even if your property value has dramatically increased, your property taxes won't necessarily reflect that increase. This has provided significant tax relief for long-term homeowners. However, it also created a complex system with potential loopholes and areas where homeowners may unknowingly be overpaying.

How Proposition 13 Protects Homeowners

Proposition 13 offers several key protections for homeowners:

• Annual Limitation: Your property taxes can only increase by a maximum of 2% annually, regardless of market fluctuations.
• Base Year Value: Your property tax is based on its value at the time of purchase or 1975, whichever is lower. This value only changes upon sale or significant property improvements.
• Tax Relief for Seniors and Disabled: Proposition 13 also provides additional tax relief for homeowners over 65 or those with disabilities.

Is Your Property Tax Assessment Accurate?

Even with Proposition 13 in place, errors can occur in property tax assessments. It's crucial to regularly review your property tax assessment notice to ensure its accuracy. Inaccuracies could lead to you paying more than you legally owe. Look for:

• Incorrect Property Details: Verify that the assessed square footage, number of bedrooms and bathrooms, and other property details are correct.
• Valuation Discrepancies: Compare your assessment to similar properties in your neighborhood. If your assessment is significantly higher than comparable properties, it may be overvalued.
• Missed Exemptions: Are you eligible for any tax exemptions (e.g., veteran's exemption, senior citizen's exemption)? Ensure you've applied for and received any exemptions you qualify for.

Challenging Your Property Tax Assessment: Steps to Take

If you suspect your property tax assessment is inaccurate, you can appeal it. The process varies by county, but generally involves:

1. Reviewing your assessment notice carefully. Understand the details of the assessment and identify any potential errors.
2. Gathering supporting documentation. This may include comparable property sales data, appraisal reports, or photos showing property discrepancies.
3. Filing a formal appeal. The deadline for filing an appeal is typically within a specific timeframe after the assessment notice is mailed. Check with your county assessor's office for exact deadlines and procedures.
4. Attending an appeal hearing. Be prepared to present your case and supporting documentation to the assessment appeals board.

Beyond Proposition 13: Additional Resources

While Proposition 13 provides a foundational framework for property tax relief, other resources and strategies may further reduce your tax burden. Consider exploring:

• Your County Assessor's Office: They are a valuable source of information regarding property tax assessments, appeals, and available exemptions.
• Tax Professionals: Consulting a tax professional experienced in property tax matters can provide valuable guidance and support throughout the appeals process.

Remember, understanding your rights and taking proactive steps is crucial to ensure you're not paying more in property taxes than necessary. The legacy of Howard Jarvis and Proposition 13 empowers you to fight for fair and accurate property tax assessments. Don't hesitate to exercise your rights and challenge an assessment you believe is incorrect.