Assessor Value vs. Market Value: A Difference of 2.86 Million Dollars

Today I took the last batch of property tax appeals for the year to the Sacramento County Assessment Appeals Board at 700 H Street in Sacramento (as pictured below). Before I headed out of the office though I thought it would be interesting to calculate the difference between the Assessor’s property tax assessment and my calculation of fair market value. Guess what, when considering only these eight tax appeals, the Assessor’s Office had these properties valued higher by $2,860,000, which essentially means local property owners were scheduled to pay $30,000 more in property taxes than they should this year. Ouch.  


Today was the last day to appeal property taxes for 2009 in Sacramento County (and in most if not all counties in California). If you did not dispute your taxes this year, you will have the opportunity to do so next year. You can expect new assessments for 2010 to come out at some point between May to July 2010 depending on which county you are located in. The assessment appeals period will then go from July 2010 to either September 15, 2010 or November 30, 2010 (depending on which county you are located in). Remember, your property assessment for next year will be based on your property’s value on January 1, 2o10.

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