The Assessor is reviewing single-family homes, condos, townhouses, multi-family, commercial, industrial and timeshare properties in Orange County.  Eligible properties will receive a reduction in Taxable Value for the property tax year beginning July 1, 2012.

Property is valued each year as of January 1 (lien date) for property tax purposes.  The Market Value is compared to the Prop. 13 Value.  The Taxable Value is based on the lower value for that tax year.

In 2011, the Assessor reviewed 305,000 properties and adjusted the value of 177,000 properties that were eligible for a Taxable Value reduction.

• Request for Informal Assessment Review (The Assessor will review requests submitted after April 30, as time allows)

• Will a Decline in Market Value Reduce my 2012 Property Taxes

• Prop. 13 Property Tax Savings Zones

e-File your Orange County Business Property Statement (BPS)

The deadline to file a 2012 BPS was May 7, 2012 at 5:00 p.m..  Statements filed after May 7th are subject to a 10% late-filing penalty.

Supplemental Assessment Notices are Mailed When Property is Reassessed

Changes in the ownership of real estate, or building something new may generate a one-time SUPPLEMENTAL ASSESSMENT NOTICE.

Supplemental Notices are mailed several times each year.

Annual Value Notices Will be Mailed in July 2012

• A BEIGE NOTICE indicates that Market Value was HIGHER than the Prop. 13 Value on January 1.
  View Sample Notice  

• A BLUE NOTICE indicates that Market Value was LOWER than the Prop. 13 Value on January 1.
  View Sample Notice 

• Homeowners That Live In Their Home (Homeowners’ Exemption)

• Property Transfers Between Parents and Child or Grandparent to Grandchild

• For Homeowners Age 55+ (Transfer Prop. 13 Value To Replacement Home)

• For Veterans and Disabled Veterans

• For Severely and Permanently Disabled Homeowners

• For Property That’s Damaged, Destroyed, Contaminated, or Taken By A Public Entity

• Property Tax Assistance (State of California)

• Preliminary Change of Ownership (PCOR) (Filed with deed)

• Change of Ownership (COS) (Required if PCOR is not filed)

• Change of Address Notice

• Homeowners’ Exemption Termination Notice

• Parent-Child Property Transfer (Prop. 58)

• All Other Forms

• The owner was not at fault

• The damage was sudden and unexpected

• The damage to the real property is ten thousand dollars ($10,000) or more