Foothill Forum - April 15, 2010 Kristen Spears, Placer County Assessor 14.8% 12.8% 13.6% 13.1% 15.0% 16.5% 8.5% 2.3% -2.6% Assessment Roll Value Change.

Slides:

Advertisements

Similar presentations

HOW TO FILE AN APPEAL WITH THE COOK COUNTY ASSESSOR Presented By: COOK COUNTY ASSESSORS OFFICE Hosted By: Terry Kelly, Township Assessor.

Advertisements

1 Sale of Securities On April 1, 2006, the investment in Silmarils debt securities is sold for $103,000, which includes accrued interest of $2,500. On.

Property Tax Relief and Reform: Plan Overview Joint Select Committee on Property Tax Relief and Reform June 11, 2007.

1. 2 Partners in Procurement Steve Hagar Deputy Director Central Purchasing Division Department of Central Services August 24th, 2009.

Problems That Could Cause a Big Market Decline Daryl Montgomery June 29, 2011 Copyright 2011, All Rights Reserved The contents of this presentation are.

Jarvis plc 2007 Half Year Results Presentation 27 November 2007.

Measuring Banking and Insurance: The U.S. Experience Brian C. Moyer Associate Director for Industry Accounts 12 th OECD-NBS Workshop on National Accounts.

Arthur Berger Regional Products and Income Accounts, Beijing, China, March 2010 Canadas Provincial and Territorial Economic Accounts.

1 Encouraging the Use of Alternative Modes of Electronic Data Collection: Results of Two Field Studies Kathy Downey, Dee McCarthy, William McCarthy, and.

1 © 2008 California County Superintendents Educational Services Association Valenzuela/California High School Exit Exam (CAHSEE) Lawsuit Settlement California.

June 11, 2009 Board Meeting Presented by: Sharonica L. Hardin, PHR, St. Louis Public Schools & Matt McGrath, Holmes Murphy & Associates.

CSBA Forecast Conference January 17, Budget Shortfall $3.3 billion in $14.5 billion in $3.3 billion in $14.5 billion in.

2008 MTA NYC Travel Survey Summary of Selected Results June 22, 2009.

Petr Cerveny Unit Administration and Finance 31/5/2010 Major FP7 Negotiation Issues.

1 American Community Survey: Update New Jersey State Data Center Meeting June 11, 2008 Nancy Torrieri American Community Survey Office.

1100 CORNWALL INFO HANDOUT Bellingham Public Development Authority 1.

SHAREHOLDERS MEETING 2010 WATERFURNACE RENEWABLE ENERGY, INC.

Understanding Multiyear Estimates from the American Community Survey Updated February 2013.

Copyright 2008 National Student Loan Program Three-year cohort.

1 Understanding Multiyear Estimates from the American Community Survey.

SUPPLEMENTAL LEVY ELECTION TUESDAY, MAY 17, 2011 Joint School District No. 2.

Providing Service, Protecting You SAFE/Senate Bill 36 Secure and Fair Enforcement Mortgage Licensing Act of Licensing Questions –

2014 Level II Prep Class Personal Property Training 1.

Property Tax Overview Lane County Budget Committee May 2, 2013 Roxanne R. Gillespie, MAI – Chief Deputy Assessor.

Primary research figuresPrimary research figures These are some of the results from my primary research. percentages of people who like/dislike the show.

EU Market Situation for Eggs and Poultry Management Committee 21 June 2012.

Presented to the Board of Trustees March 10, 2010 Financial Indicators.

State of Louisiana Office of Risk Management

Dilutive Securities and Earnings Per Share

Opioid-Related Deaths and Mortality Rates by County, Wisconsin Residents Office of Health Informatics and AIDS/HIV and Hepatitis C Program Bureau.

Information & Questions.  Practice Hour Requirements ◦ What are the required practice hours? ◦ When does this requirement become effective? ◦ What constitutes.

City of Miami PROPOSED Fiscal Year 2009 BUDGET. 2 Budget Focus To prepare a structurally balanced general operating budget. To provide a budget, which.

Planning for transitioning from HST to GST/PST Diana Mau, C.A Odlin Crescent, Richmond, B.C. Tel:

Evaluation of an intervention to increase online filing of individuals’ tax returns Peter Lumb September 2009.

2010 Truth In Millage (TRIM) This is your notice of proposed taxes This is NOT a Tax Bill.

Protections for Tenants in Foreclosed Properties California Foreclosure Forum Presentation Kent Qian - National Housing Law Project March 11, 2011.

Rosemarie Day Deputy Director and Chief Operating Officer Thursday, May 8, 2008 Operations Report Current Priorities and Future Plans.

Test B, 100 Subtraction Facts

› Small Claims Tax (ST) › Tax Court (TX) › Civil (CV) (property tax related) › All property types: Residential, Commercial, Land, Personal Property and.

© The McGraw-Hill Companies, Inc., 2006 McGraw-Hill/Irwin1 Review Exercise Chapter 11, ,

Presentation Capital Projects Funds Note - This presentation and other budget documents are available on the District’s website 1.

©2011 Cengage Learning Chapter 13 Introduction to Taxation California Real Estate Principles ©2011 Cengage Learning.

Larry W. Ward Assessor-County Clerk-Recorder 1 Assessor FY 12/13 Budget Presentation.

District 7 Stakeholders’ School Finance Presentation February 7, 2012.

School Property Tax Relief in Wisconsin Association for Equity in Funding Milwaukee, January 19, 2012 Andrew Reschovsky Professor of Public Affairs and.

Property Tax Section Local Government Division Tax Year Overview.

RLP 11/06/2014 Board of Assessors FY2015 Public Forum FY2015 Assessment Process Assessment as of January 1, 2014 Tax Year July 1, June 30, 2015.

Chapter 13 THE INCOME APPROACH.

Personal Property Assessment CO DEPT OF LOCAL AFFAIRS Division of Property Taxation Presenter: Ken Beazer For the Colorado County Treasurers’ Association.

Personal Property Basics Level I Tutorials

BOE-502-A.  Law presumes a grant of title is a change in ownership  Change in ownership = reassessment to current market value  Presumption: Purchase.

PROPERTY TAX REVENUE GOT YOU DOWN? CSMFO Conference Los Angeles – February 18, 2009 The HdL Companies Sales Tax Property Tax Municipal Software.

James M. Houlihan Cook County Assessor. Cook County Property Taxes Understanding the Assessment Process.

Georgia Department of Revenue Senate Bill 346 Annual Notice of Assessment.

Understanding Your Property Tax Bill Tuesday, February 22, 2011, 6:00pm Thornton Room T-107 Thornton Township High School District 205.

PROPERTY TAXES. The lull in foreclosure activity is likely to end as Lenders restart foreclosures that were frozen in October, November and December.

California Municipal Treasurers Association April 17, 2013 Paul Cowdery.

Community Facilities District Overview Saugus Union School District.

By: Santa Clara County Controller-Treasurer’s Office.

Assessed Value Changes. 2 Definitions Current Market Value Base Year Value Inflation Factor Factored Base Year Value Appraisal Unit.

The Village of Bronxville, NY Property Revaluation Presented by Eugenia H. Flynn, ASA Northern Region Appraisal Operations Manager.

Property Taxes and Assessments What You Should Know

REVALUATION PRESENTATION

Informal Review Workshop

Methods and Assistance Program (MAP) Reviews Lori Fetterman, MAP Supervisor Emily Hightree, MAP Team Lead Property Tax Assistance Division October 12,

California Real Estate Principles, 10.1 Edition

Property Tax Appeals in Washington State

Presentation transcript:

Foothill Forum - April 15, 2010 Kristen Spears, Placer County Assessor 14.8% 12.8% 13.6% 13.1% 15.0% 16.5% 8.5% 2.3% -2.6% Assessment Roll Value Change

Kristen Spears, Placer County Assessor April 15, Assessment Roll SECURED ASSESSMENT ROLL Residential Assessments 143,808 Commercial/Industrial Assessments 7,602 Other Assessments 9,014 Total 160,424* * 39% recognized decline UNSECURED ASSESSMENT ROLL Business Assessments 5,609 Boats 6,175 Airplanes 358 Other Assessments 1,522 Total 13,664

Kristen Spears, Placer County Assessor April 15, 2010 Transfer/Foreclosure Relationship

Kristen Spears, Placer County Assessor April 15, 2010 YEAR Properties on Prop , , , , ,197 # of Properties Proactive Decline in Value Program

Kristen Spears, Placer County Assessor April 15, 2010 Proposition 13 Proposition 13 passed in 1978, established the base year value concept for property tax assessments Offers property owners protection by holding assessed value increases to a maximum 2% inflationary increase per year Under Proposition 13, assessments for the year serve as the original base year value Thereafter, a new base year value is established whenever a property is purchased, newly constructed or changes ownership

Kristen Spears, Placer County Assessor April 15, 2010 What is Proposition 8? It allows the Assessor to temporarily lower the assessed value of property It is applied only when the market value of the total property on the January 1 st lien date is less than the Proposition 13 base year value indexed at a maximum of 2% per year Assessor can perform a proactive mass-review of properties throughout the county to help property owners avoid the need for filing appeals for property tax relief in a declining market Year 1 $500,000 $500,000 Year 2 $510,000 $480,000 Year 3 $520,200 $510,000 Year 4 $530,604 $550,000 $500,000P13 $480,000P8 $510,000 P8 $530,604 P13 Example of Market Decline & Recovery Base Value Market Value Assessed Value

Kristen Spears, Placer County Assessor April 15, 2010 News for Slight Decline for P13 Property Tax Values California Consumer Price Index (CPI) Example: P13 Value $550, P13 Value $548,697 Continue Residential Decline in Value Review Program Mass Commercial/Industrial Decline In Value Program Letters sent to property owners requesting info to review their property value as of January 1, 2010 Current Appraisal Rent Roll E-Filing available for Business Property Owners Vacancy Rate Re-negotiated Lease

Kristen Spears, Placer County Assessor April 15, 2010 Important Dates Jan 1 Lien Date Feb 15 Deadline for filing most exemption claims April 10 2 nd Secured Prop. Tax Installment Due (Treasurer Tax Collector) May 7 Last Day to file Bus Prop Stmt without penalty June 30 Assessment Roll Completed and Delivered to the Auditor July 1 Fiscal Year Begins July 2-Sept 15 Appeal Application Filing Period (Clerk of the Board) Mid July Value Notices mailed for secured roll Start of Decline In Value (Proposition 8) Value Review Filings to Assessor Aug 31 Unsecured Property Tax Due (Treasurer Tax Collector) Dec 10 1 st Secured Property tax Installment Due (Treasurer Tax Collector) Dec 31 Decline In Value (Proposition 8) Request for Review Deadline

Kristen Spears, Placer County Assessor April 15, 2010 New Supplemental Estimator

Kristen Spears, Placer County Assessor April 15, 2010 Placer County Assessor Kristen Spears Website: Telephone: (530) Address: 2980 Richardson Drive Auburn Contact Information Supplemental Property Tax Estimator Business Property Statement E-Filing Customer Service Survey Assessment Inquiry by Parcel Frequently Asked Questions Fillable Assessment Forms Assessment Roll Facts