When can LA County Assessor reassess my Pasadena Property Taxes

Recently I wrote a post about how much property taxes in Pasadena are.  I’ve received some questions about whether or not the LA County Assessor can reassess and raise property taxes. 

There are only four events that can cause a reappraisal of your Pasadena home by the Assessor.  They are:

  1. A change in ownership.  For example you sell your Pasadena home or inherit your Pasadena home.
  2. Completed new construction.
  3. New construction partially completed on the lien date (January 1)
  4. A decline-in-valueREAD MORE:  Proposition 8

Change in Ownership Appraisalswill take place when a publicly recorded transfer occurs.  The assessor will receive a copy of the deed and will then determine whether a reappraisal is required under the California State law. 

Transfers of Pasadena property between husband and wife does NOT cause a reappraisal for property tax purposes.  This includes transfers resulting from divorce or death.  Also, the addition of joint tenants, whether related or not does not result in a reappraisal.

In most cases, transfer by irrevocable trusts are reappraisable.  Keep this in mind if you inherited a property via trust.

New Construction Appraisals are done when an assessor receives a copy of building permits. 

Rule of thumb: 

New buildings, additions and other structures REQUIRE a reappraisal.

Structural repairs and/or replacements would NOT REQUIRE a reappraisal in almost all situations.

For more information, please visit the Los Angeles County Assessors Office or call them at 213.974.3211.

If I can be of any assistance with your Pasadena Real Estate needs, please do not hesitate to email me at Irina@Irina4RealEstate.com or call me at (626)627-7107.  Thank you!

 

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