Property Tax Programs
Proposition 8 (Decline in Value)
Proposition 60 (Reappraisal Exclusion)
Proposition 58 (Parent/Child Exclusion)
Proposition 193 (Grandparent/Grandchild(ren) Exemption)
There is a builder's exclusion from the supplemental assessment for new construction built specifically for sale. The builder must notify the Assessor prior to or within 30 days from the start of construction. If notice is not received, a supplemental assessment for the value of the new construction is assessed to the builder upon the completion of the construction. If the exclusion is granted, a supplemental assessment is not created until the property is sold to the new owner.