What will happen to my assessment if values start to rise?

Your taxable value reduction to market value 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.

Unless there is a change in ownership or new construction, this increase in value cannot exceed the original assessed value plus the annual inflationary factor not to exceed 2% per year.

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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?