What We do?
We are an established Law and Real Estate Brokerage Firm that specializes in property tax reassessment and reduction for any type of property. Our experienced associates have represented numerous residential, commercial, and multi-unit property owners, and have saved our clients millions of dollars in property tax assessments.
Who is the Assessment Appeals Board?
This is a Board established by the Board of Supervisors to decide on value opinion differences between the Assessor and the property owner. Property Tax Advisors will present your case to the Assessment Appeals Board on your behalf using current comparable market data information”
Why Sign up?
There are three major benefits,
1. You will get refund checks for the money pain on your property
2. In many cases, your future billing will be reduced
3. We work on a contingency basis so you only pay us after you receive refunds.
If you don’t get a refund, you don’t pay anything
How to get the refunds?
All refunds will be mailed directly to you from the service providers
Are there any drawbacks in pursuing these refunds?
No! there is absolutely no downside. If you do not get a refund, you do not pay anything
What is Proposition 13 Value?
The Proposition 13 Value represents the maximum taxable value for your property.
Since the passage of Proposition 13 in 1978, property is assessed at its fair market value as of the date it is acquired. Your purchase price generally becomes the taxable “base value” as of that date. From that point forward the taxable value of your property is limited to no more than a 2% increase per year.
In a declining real estate market, the market value of your property may actually be lower than your trended base value. In this case, your property may qualify for a decline-in-value reassessment, temporarily reducing the taxable value to its current market value. Once granted, a decline-in-value reassessment is reviewed annually and may be further reduced, partially restored, or fully restored to its trended base value.
What is a supplemental tax bill?
In addition to annual taxes, you may be responsible for paying supplemental property taxes. State law requires the Assessor to reappraise property upon a change in ownership or new construction. The supplemental assessment reflects the difference between the new assessed value and the old or prior assessed value. If the property is reassessed at a higher value than the old assessed value, a supplemental bill will be issued. If the property is reassessed at a lower value than the old assessed value, a refund will be issued.
The taxes are prorated based on the number of months left in the fiscal year from the date of ownership change or the new construction completion date. If the change in ownership or new construction occurs between January 1st and May 31st, two supplemental tax bills will be issued. The first supplemental bill will be for the remainder of the fiscal year, and the second supplemental bill will be for the fiscal year that follows.
Supplemental tax bills are mailed directly to the property owner and are your responsibility. In general, they are not paid out of your impound account. Please check with your lender.
What requirements need to be met to qualify for temporary tax reduction as a result of damage to my property?
If your property has suffered damage of $10,000 or more as a result of a calamity, such as fire or flooding, you are eligible for a reduction in your property taxes. Your property will be immediately reappraised by the Assessor’s Office and you will receive a corrected tax bill or refund. The adjustment and proration of taxes will be based upon the reduction in value from the date of damage to the end of the fiscal year in which the damage occurred, or until the structure is repaired or replaced.
Why did my taxes go up more than 2 percent?
Proposition 13 limits increases in assessed value to no more than 2 percent per year until the property has a change in ownership or any new construction is completed at which time the property must be reassessed. The assessed value is the full cash or market value at the time of the purchase plus the incremental market value of each subsequent new construction. Although your assessed value may only increase no more than 2 percent per year, the amount of your taxes may increase by a higher percentage for a number of reasons. The tax rate in your area can change as new bonds are added or decrease as bonds are paid off. Direct assessments/special charges can also cause an increase or decrease as they are added or removed. These special charges are added to the tax bill by local districts and cities. A sewer assessment is a typical special charge that is added to the tax bill.
What is Homeowners’ Exemption (HOX)?
If you own a home and occupy it as your residence on the tax lien date of January 1, you may apply for a Homeowners’ Exemption. taxes.
Assessor
The County Assessor establishes the assessed value of your property by appraising the value of that property under applicable State laws. The assessed value is then placed on a list with all other properties in County and this list is called the "Assessment Roll." The Assessor also approves and applies all exemptions, which are added to the Assessment Roll. The Assessment Roll is then presented to the Los Angeles County Auditor-Controller for further processing.
Auditor-Controller
The County Auditor-Controller adds direct assessments to the Assessment Roll then applies the tax rates, which consists of general (1%) levy and debt service (voter & bonded) tax rates to the value to create an Extended Assessment Roll. The Extended Roll is then sent to the County Treasurer and Tax Collector for individual tax bill distribution and payment collection.
Treasurer & Tax Collector
The County Treasurer and Tax Collector receives the Extended Roll, prints and mails the property tax bills to the name and address on the Extended Roll. The Treasurer and Tax Collector collects secured and unsecured taxes. Secured taxes are taxes on real property, such as vacant land, structures on land, i.e. business/office building, home, apartments, etc. Unsecured taxes are taxes on assessments such as office furniture, equipment, airplanes and boats, as well as property taxes that are not liens against the real property.
Century 26 Represents Clients Throughout Southern California :
Anaheim, Apple Valley, Arcadia, Azusa, Bakersfield, Barstow, Beverly Hills, Burbank, Chino, City of Industry, Claremont, Claremont, Costa Mesa, Covina, Culver City, Dog Beach, Downey, El Segundo, Encino, Fresno, Garden Grove, Gardena, Glendale, Glendora, Hawthorne, Hermosa Beach, Hesperia, Highland, Hollywood, Huntington Beach, Inland Empire, Irvine, La Quinta, Laguna Hills, Long Beach, Malibu Beach, Manhattan Beach, Marina del Rey, Mission Hills, Modesto, Monterey Park, Newport Beach, Northridge, Oakland, Orange County, Pacific Beach, Pacific Palisades, Palm Springs, Palmdale, Pasadena, Playa del Rey, Pomona, Rancho Cucamonga, Rancho Mirage, Redding, Redondo Beach, Reseda, Riverside, Sacramento, Salinas, San Bernardino, San Diego, San Jose, Santa Ana, Santa Barbara, Santa Clarita, Santa Monica, Santa Rosa, Sherman Oaks, Studio City, Sun City, Sunset Beach, Tarzana, Temecula, Temple City, Topanga, Torrance, Universal City, Valley Village, Van Nuys, Venice Beach, Ventura, Victorville, West L.A., Whittier, Woodland Hills, Yuba City, Freeway 5, 10, 15, 215, 60, 405, 101