Informal Value Review
In Placer County the Assessor mails value notices to all property owners in July. This notice includes the assessed value (the value used to calculate your tax bill). Since a change to this value impacts the amount of taxes due, it is very important to review this amount.
Learn More About Your Assessed Value
Assessed values are established by following the provisions of Proposition 13 adopted by voters in 1978. In accordance with this law, the Assessor’s Office reviewed values for the current assessment year. To complete this review, our office analyzed real estate sales that occurred in the months surrounding January 1st of the current roll year.
Supplemental assessment values utilize market real estate data for new construction or ownership changes as of the completion or transfer date.
You may view the video below for a detailed description on How Property Values are Assessed.
Please review the diagram (PDF) below for further explanation on how market declines and recovery may affect your value.
Request A Review - Annual Assessment
If you believe the market value on January 1st of each year is less than the amount shown on your July value notice, you may request a review of your assessment. There is no charge for this service. The filing period for a value review is July 2nd through December 31st. An Assessor Value Review Application is available July 2nd through December 31st. |
Your property tax payments are still due by the indicated due date. If a value adjustment is warranted, a notice of correction and revised tax bill or refund will be issued.
Request a Review - Supplemental Assessment
Supplemental Assessments may be issued when a property changes ownership or new construction is completed. If you received a Notice of Supplemental Assessment, the Assessor was required to reassess your property.
This Supplemental Assessment will reflect the difference between the prior assessed value and the new assessed value (the value used to calculate your tax bill). It covers the period of time from the ownership change or completion of new construction to the following June 30th. It is important to understand that these Supplemental Assessments are “in addition”(supplemental) to the annual property tax bill.
If you disagree with the value enrolled for a supplemental assessment, please contact our office at (530) 889-4300 |
Learn more about Residential and Commercial Property Supplemental Assessments
Request A Review - Business Property, Boats and Aircraft Reviews
Business property, boats and aircraft are not governed by Proposition 13 and are instead valued annually as of January 1st at market value.
If you disagree with the assessed value enrolled for your business, boat or aircraft, please contact our Business Division at (530) 889-4300 |
You may visit the following pages to learn more about Business Property, Boats/Vessels and Aircraft Assessments.
General Forms
- eFile a Value Review Form - Commercial: If you believe the market value on January 1st is less than the amount shown on your July value notice of the same year, you may request a review of your assessment. The filing period for a value review is July 2nd through December 31st. During this filing period, please complete and return the form to request your valuation review. Important: Your property tax payments are still due by the indicated due date. If a value adjustment is warranted, a notice of correction and revised tax bill or refund will be issued.
- eFile a Value Review Form - Residential: If you believe the market value on January 1st is less than the amount shown on your July value notice of the same year, you may request a review of your assessment. The filing period for a value review is July 2nd through December 31st. During this filing period, please complete and return the form to request your valuation review. Important: Your property tax payments are still due by the indicated due date. If a value adjustment is warranted, a notice of correction and revised tax bill or refund will be issued.
Value Review Program Related Information
- Frequently Asked Questions - Scroll to Value Review Program Section
- State Board of Equalization's Proposition 8 / Decline in Value FAQs
- Property Tax Reduction to Diminish as Housing Market Improves (PDF)
- Value Review Examples (PDF)
- CalTax News Extract - Proposition 8 Reassessments (PDF)
- Howard Jarvis Taxpayers Association
- Please watch our video explaining how property is valued: