2011-12 Property Tax Rolls Released

THE NATOMAS BUZZ | @natomasbuzz
The 2011-12 property tax assessments were completed July 1, the Sacramento County Assessor’s Office announced today.

Upon review, many of the 189,700 residential, commercial and apartment properties resulted in adjusted values. The adjustments, allowed by Proposition 8, will be reflected on tax bills issued in October. This is the fifth consecutive year of widespread Proposition 8 reductions in Sacramento County, including properties in the Natomas region.

Value reductions are temporary and must be reviewed each year to determine whether the fair market value remains less than its Proposition 13 base year value (typically the amount for which property was purchased).

The Assessor’s Office will accept requests for Proposition 8 review on residential and agricultural properties between July 5 and Nov. 30, 2011. Requests will not be accepted for commercial and apartment properties.

Assessed value information for all Sacramento County parcels is now available on the Assessor’s web site “Parcel Viewer” application. For more information, click here for the Assessor’s website or visit the office in person 8 a.m. To 5 p.m. Monday through Friday at 3701 Power Inn Road, Suite 3000.

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