What is a Temporary Decline in Value?

Revenue and Taxation Code Section 51 requires the assessor to enroll either a property’s Factored-Base-Year Value (established under Proposition 13) or its market value as of the lien date. This reduction is temporary and the assessor is required to review the market value of the property each lien date after the reduction until such time as the Factored-Base-Year Value is less than or equal to the market value.

When the Factored-Base-Year Value is again enrolled, the property is no longer subject to the annual review, and will receive indexing not to exceed 2% per year.

Show All Answers

1. What is a Temporary Decline in Value?
2. Is there a charge to have my value reviewed?
3. Do properties other than single-family residences qualify?
4. How can the assessed value of my property be increased after you reduced it?
5. Is the Assessor required to restore my protected Proposition 13 value even if it’s more than a 2% increase?
6. If I have been granted a reduction for the current year will I have to request another review next year?
7. What should I do if I disagree with the value placed on my property?
8. Why isn't my value reduction permanent?
9. What if after having been given a reduction, my value continues to decline?
10. What will happen to my assessment if values start to rise?
11. My land value looks alright, but my structure value looks high. Can I just have my structure value lowered?