WHY AM I RECEIVING THIS FORM?
The Assessor-Recorder is required by law to value any new construction in progress on each January 1st.
I RECEIVED MULTIPLE FORMS
If you applied for multiple permit applications, you are receiving a separate form for each permit. You can fill out one form for the entire project, but please attach all forms and return them together.
WHAT AUTHORITY DO YOU HAVE TO REQUEST THIS INFORMATION OR REASSESS MY PROPERTY?
The California Revenue and Taxation Code gives the assessor the authority to request this information (Section 441(d)) and to assess any new construction on January 1st (Section 50 and 401.3)
BUT, I HAVEN'T EVEN STARTED THE WORK YET
Please check the box at the top of the form and complete Sections 1 and 3 of the form.
I HAVEN'T FINISHED THE WORK YET
We are interested in the amount of construction that was completed on January 1, 2008.
I HAVE DECIDED NOT TO DO THE WORK
If you will not complete ANY work under this permit number, simply state in Box 7 – "No work will be completed under this permit". Sign and date the back of the form in section 3.
I DON'T HAVE A CONTRACTOR AND I AM DOING THE WORK MYSELF
Indicate in the box for "Contractor" that you are doing the work yourself.
HOW DO I ESTIMATE THE PERCENTAGE COMPLETE ON JANUARY 1, 2008?
Take the amount you have spent on January 1, 2008 and divide that by your total estimated cost for the entire project (upon completion) to get a percentage figure. This is a preliminary estimate and your final assessment may differ.
WILL MY TOTAL ESTIMATED COST BE USED AS THE COST FOR THE COMPLETION OF THE PROJECT?
Maybe. Your percentage costs as of January 1, 2008 and your estimated final cost is ONLY an estimate. Upon completion of construction, the assessor is required to do a more thorough analysis to determine the fair market value added.
I'M ONLY REPAIRING MY ROOF, PAINTING MY HOUSE, FIXING DRY ROT, ETC.
State that in Box 1 of Section 2 (repairs or other). The assessor will determine the assessibility.
WHY DO I HAVE TO DRAW A DIAGRAM, I ALREADY FILED THE PLANS WITH THE BUILDING DEPARTMENT?
The Assessor-Recorder does not receive copies of your building plans. If you have a copy, you can submit them instead of drawing the diagram.
DO YOU HAVE TO INSPECT THE PROPERTY?
At a later date we may request to do an inspection. Please be sure to provide your daytime phone number.
HOW MUCH MORE PROPERTY TAXES WILL I HAVE TO PAY?
The increase in taxes is based upon the assessment added times the tax rate (for example - $50,000 x 1.141% tax rate = $570).
WHEN WILL I HAVE TO PAY THE ADDITIONAL TAXES? WILL I GET ANOTHER BILL?
For a January 1st progress assessment the additional taxes will be a supplement to your regular tax bill for the fiscal year 2008-2009. Tax bills have been mailed during the month of October 2008. Only if construction is completed will you receive a supplemental assessment.
