The following question was received from Veronica M. in Pasadena California:
Can the Los Angeles County Assessor reassess my Real Property Taxes?
There are only four events that can cause a reappraisal of your Pasadena home by the Assessor. They are:
- A change in ownership. For example you sell your Pasadena home or inherit your Pasadena home.
- Completed new construction.
- New construction partially completed on the lien date (January 1)
- A decline-in-value - READ MORE: Proposition 8
Change in Ownership Appraisals will take place when a publicly recorded transfer occurs. The assessor will receive a copy of the deed and will then determine whether a reappraisal is required under the California State law.
Transfers of Pasadena property between husband and wife does NOT cause a reappraisal for property tax purposes. This includes transfers resulting from divorce or death. Also, the addition of joint tenants, whether related or not does not result in a reappraisal.
In most cases, transfer by irrevocable trusts are re-appraisable. Keep this in mind if you inherited a property via trust.
New Construction Appraisals are done when an assessor receives a copy of building permits.
Rule of thumb:
New buildings, additions and other structures REQUIRE a reappraisal.
Structural repairs and/or replacements would NOT REQUIRE a reappraisal in almost all situations.
For more information, please visit the Los Angeles County Assessors Office or call them at 213.974.3211.
If I can be of any assistance with your Pasadena Real Estate needs, please do not hesitate to email me or call me at (626)627-7107. Thank you!
Interested in more information about Greater Pasadena Area cities, check out our City Guides below:
And, if you are interested in fun activities to do, take a look at our 365 Things To Do In Pasadena® page.
Thinking of selling your home? Interested in finding out the current market value of your single family home, condo or investment property? Then call Irina Netchaev at (626) 629-8439 to discuss what is happening in today’s Southern California Real Estate Market.