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Property Assessment

CALIFORNIA | LOCAL
July 31, 2003 | Daren Briscoe, Times Staff Writer
A robust local housing market helped increase property assessments in Los Angeles County by nearly $50 billion this year, the county assessor's office said Wednesday. Low interest rates, short supply and a strong demand for single family homes contributed to higher home prices, resulting in a 7.4% jump in assessed values, according to a report released by the assessor's office. Property assessments totaled $725.7 billion for 2003, compared with $675.9 billion in 2002, the report said.
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CALIFORNIA | LOCAL
July 22, 2003 | From Staff and Wire Reports
County prosecutors are reviewing complaints about a Chicago company that is charging residents to file property tax documents that could be filed with the government for free. County Assessor Greg Smith says his office is receiving about 200 calls a day from residents complaining about solicitations from Property Tax Assessor Records Corp., which offers to file tax exemption forms for $25.
CALIFORNIA | LOCAL
July 15, 2003 | Jennifer Mena, Times Staff Writer
Santa Ana property owners have overwhelmingly rejected assessing themselves a fee to pay for street, median and park maintenance, the city announced Monday. The tax assessment would also have also funded graffiti removal and street lighting improvements. In an election in which ballots were weighted by the value of the proposed assessment, 29.4% of the weighted vote favored the district and 70.6% opposed it. Only 36% of property owners participated.
CALIFORNIA | LOCAL
July 10, 2003 | Jean O. Pasco, Times Staff Writer
Irvine is back on top of the list of Orange County cities ranked by assessed value, hitting $26.7 billion, according to the county's latest assessment roll. Property values in Irvine -- including land, aircraft and boats -- grew 7.4% over last year; values in Anaheim, which led the list last year, dropped 1.7%, to $25 billion. Previously, the highest property values were in Irvine. The highest jump in value, however, was recorded by San Clemente, where property values grew 13.
CALIFORNIA | LOCAL
January 31, 2003 | Jean O. Pasco, Times Staff Writer
A continuing court battle over rising property taxes could mean that Orange County government, cities and schools will be forced to refund at least $416 million in property taxes -- nearly double previous estimates. County Auditor-Controller David E. Sundstrom issued revised figures for potential refunds this week, with the case about to head to the state 4th District Court of Appeal. Orange County Superior Court Judge John M.
CALIFORNIA | LOCAL
January 14, 2003 | From a Times Staff Writer
Commuter rail systems, such as Orange County's proposed CenterLine project, can boost the property value of commercial buildings, apartments and condominiums, but less so for single-family houses, a new study shows. The Cal State Fullerton report, funded by the Orange County Transportation Authority, found that commercial property values around the United States increased by more than 30% in areas that have convenient access to light-rail systems.
CALIFORNIA | LOCAL
April 30, 2002 | JEAN O. PASCO, TIMES STAFF WRITER
An Orange County Superior Court judge who ruled last year that a common method for assessing property taxes is unconstitutional indicated Monday that he is worried government workers have been wrongly advising taxpayers against filing for refunds. In a hearing, Judge John M. Watson agreed with attorneys representing several county officials that, by law, the only remedy for challenging a property assessment is to file for a refund.
CALIFORNIA | LOCAL
November 27, 2001 | JEAN O. PASCO, TIMES STAFF WRITER
An Orange County judge deferred ruling Monday on whether to grant class-action status to a homeowner's lawsuit against the county over property tax assessments, pending a possible appeal of his original decision. Judge John M. Watson was persuaded to delay his decision by attorneys for the county and the homeowners, who argued for an appellate review of what could become a California landmark case. But just when, and by whom, such an appeal would be filed hasn't been decided.
CALIFORNIA | LOCAL
July 10, 2001 | From Times Staff Reports
Orange County officials are encouraging residents who intend to challenge the assessed value of their property to visit a new Web page. An interactive program that helps those filing such a challenge is available at http://www.oc.ca.gov/cob/ through this year's assessment filing period, which ends Sept. 17. The program offers step-by-step instructions and will warn the user of any errors once the form is filled in.
CALIFORNIA | LOCAL
December 6, 2000 | Deniene Husted, (714) 520-2508
The city is worth more today than it was last year, according to an annual financial report prepared by staff and presented this week to the City Council. Revenue is up by $17.4 million or nearly 30% from fiscal year 1998-99, and the city's assessed value rose to $5.4-billion--up 8.4% from that same period. The report credited those gains to a strong economy and recent commercial and residential development within the city.
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