Decline in Value Reassessment Application for Los Angeles County

This form MUST be filed by December 31, 2008.

Applications received after that date will not be processed.

Proposition 8 allows a temporary reduction in assessed value when property suffers a “decline-in-value.” A decline-in-value occurs when the market value of your property is less than the assessed value as of January 1, 2008. The best information you can provide that supports your opinion of the market value of your property is sales of comparable properties. You should try to find two comparable sales that sold as close to January 1, 2008 as possible, but no later than March 31, 2008. While the submission of sales is helpful in determining the market value of your property, applications submitted without comparable sales will be accepted and processed.. (The Manzo Team will be happy to assist you with comparables at no cost to you.)

Download form Decline-in-Value Reassessment Application

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