Law allows for temporary cut in assessed value

LOS ANGELES (CBS) — Property owners who have suffered $10,000 or more in damage from the recent storms could be eligible for tax relief, the county Assessor’s Office reminded residents Wednesday.

“State law allows home and business owners to qualify for temporary reduction in assessed value,” Assessor John R. Noguez said. “The law also covers mobile homes and business and personal property. Reassessment could mean a lower tax bill for the period between damage and repair or rebuilding.”

Residents who have suffered property damage were urged to contact the Assessor’s Office as soon as possible.

Misfortune/calamity forms are available on the assessor’s website by clicking the “Forms” link and selecting ADS-820/829.2 to print and submit by mail.

Noguez said application forms must be submitted within one year of the damage.

Additional information is available by calling the main assessor’s office at (213) 974-8658, or branch offices in Sylmar, (818) 833-6000; Signal Hill, (562) 256-1701; Culver City, (310) 665-5300; South El Monte, (626) 258-6001; or Lancaster, (661) 940-6700.

(©2010 CBS Local Media, a division of CBS Radio Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. Wire services contributed to this report.)


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