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Tax Relief and Insurance Resources
In recent weeks, the City has heard concerns from homeowners in the landslide area about the status of their applications for tax relief due to property damage. Homeowners have reported being advised to pay their normal property tax bill by April 10, 2025 while the Assessor’s Office processes their pending applications.
The City sent a letter to Assessor Jeffrey Prang seeking clarification last week and has since received an update. According to the L.A. County Assessor’s Office and the Treasurer and Tax Collector’s Office, property owners in the landslide area who fall into one or more of the following categories can expect to receive a Notice of Assessed Value Change with an adjusted property tax bill in the coming weeks:
- Decline-in-Value applicants
- Misfortune and Calamity applicants
- Owners of any property that was red- or yellow-tagged by the City due to land movement. (Note: The Assessor’s Office proactively initiated reassessments for these properties, regardless of whether the owners applied for Decline-in-Value and/or Misfortune and Calamity tax relief.)
The adjusted property tax bill will have a new deadline which will allow at least 30 days to pay without penalty.
Value changes will be reflected on the Assessor’s Portal in the coming weeks as they become available. If you have questions about your property’s reassessment, property owners only may reach out to the following contacts:
L.A. County Assessor’s Office
- David Weakley: dweakley@assessor.lacounty.gov
- Art Sanchez: 213-635-5509
L.A. County Treasurer and Tax Collector’s Office
- Public inquiries webpage
- 888-807-2111
Tax Relief Resources
If you believe that your property value warrants review due to a decline in market value, you may file an application for Decline-in-Value Review by the Los Angeles County Assessor’s Office.
The annual Decline-in-Value filing period is July 2 through November 30.
California’s Proposition 13 established the base year value for property tax assessment. It also caps the growth of a property’s assessed value at no more than 2% a year unless the market value of a property falls below the base year value.
In 1978, California voters passed Proposition 8, a constitutional amendment that allows a temporary reduction in assessed value when a property suffers a “Decline-in-Value.” A Decline-in-Value occurs when the current market value of your property is less than the current assessed value as of January 1.
It is important to keep in mind that owners that experienced a reduction in property taxes in prior years, could see their property tax bill go up by more than 2% in markets where property values have increased. Property owners are encouraged to go to assessor.lacounty.gov/tax-relief/decline-in-value for more information about Decline-in-Value and how property value is assessed.
Additional L.A. County Assessor Resources
- L.A. County Assessor Presentation to Rancho Palos Verdes City Council (PDF)
- Tax Resources for Hard Times (PDF)
- Useful Resources for Homeowners (PDF)
- Misfortune and Calamity FAQ (PDF)
- ADS-820.2 M and C (PDF)
- ADS-820.3 Property Tax Deferral (No-Escrow) (PDF)
Homeowners Insurance Resources
United Policy Holders provides insurance advocacy and resources:
- Ask an Expert: Answers to Insurance Questions
- Where to go if dropped by your insurance (video also available)
California Department of Insurance