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San Diego County Tax Relief, Prop 8, Oceanside, Escondido, Carlsbad
A temporary reduction in assessed value may be available to you in SAN DIEGO COUNTY when the market value falls below the assessed value (commonly purchased 2004-2007), SHOWN ON YOUR CURRENT PROPERTY TAX BILL. Once reduced, the Assessor’s Office must then annually review the value of the property. When the property values increase, the assessed value will also be increased but no higher than the original assessed value (plus the annual CPI increase, not to exceed 2%, as required by Proposition 13).
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