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Property-tax hikes ahead, San Diego

County assessors to crank up fees following post-bubble reductions

A statewide window to appeal property-tax assessments has officially opened, though many San Diegans will likely end up displeased with massive spikes in their annual tax bills.

California's Prop 13, passed in 1978, limits annual property-tax increases to 2 percent. During the recent implosion of the late-2000s housing bubble, however, many property owners successfully lobbied to have their properties re-assessed, saving hundreds or thousands of dollars in the process.

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A lesser-known provision, Prop 8 (also passed in 1978), allows for this reduction in assessments during down years but also provides the means for county assessors to quickly crank up the fees as real estate values recover, at least until they reach the previously determined cap rate based upon the most recent sale price.

As real estate prices — climbing as much as 20 percent in the past year in some suburban areas — approach their previous peaks, many area homeowners who bought into the bubble in the mid-2000s and subsequently sought tax relief will be receiving re-assessment notices in the coming weeks.

Property owners in San Diego County have until December 1 to submit an appeal to the county if they disagree with their new bills.

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A statewide window to appeal property-tax assessments has officially opened, though many San Diegans will likely end up displeased with massive spikes in their annual tax bills.

California's Prop 13, passed in 1978, limits annual property-tax increases to 2 percent. During the recent implosion of the late-2000s housing bubble, however, many property owners successfully lobbied to have their properties re-assessed, saving hundreds or thousands of dollars in the process.

Sponsored
Sponsored

A lesser-known provision, Prop 8 (also passed in 1978), allows for this reduction in assessments during down years but also provides the means for county assessors to quickly crank up the fees as real estate values recover, at least until they reach the previously determined cap rate based upon the most recent sale price.

As real estate prices — climbing as much as 20 percent in the past year in some suburban areas — approach their previous peaks, many area homeowners who bought into the bubble in the mid-2000s and subsequently sought tax relief will be receiving re-assessment notices in the coming weeks.

Property owners in San Diego County have until December 1 to submit an appeal to the county if they disagree with their new bills.

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4S Ranch Allied Gardens Alpine Baja Balboa Park Bankers Hill Barrio Logan Bay Ho Bay Park Black Mountain Ranch Blossom Valley Bonita Bonsall Borrego Springs Boulevard Campo Cardiff-by-the-Sea Carlsbad Carmel Mountain Carmel Valley Chollas View Chula Vista City College City Heights Clairemont College Area Coronado CSU San Marcos Cuyamaca College Del Cerro Del Mar Descanso Downtown San Diego Eastlake East Village El Cajon Emerald Hills Encanto Encinitas Escondido Fallbrook Fletcher Hills Golden Hill Grant Hill Grantville Grossmont College Guatay Harbor Island Hillcrest Imperial Beach Imperial Valley Jacumba Jamacha-Lomita Jamul Julian Kearny Mesa Kensington La Jolla Lakeside La Mesa Lemon Grove Leucadia Liberty Station Lincoln Acres Lincoln Park Linda Vista Little Italy Logan Heights Mesa College Midway District MiraCosta College Miramar Miramar College Mira Mesa Mission Beach Mission Hills Mission Valley Mountain View Mount Hope Mount Laguna National City Nestor Normal Heights North Park Oak Park Ocean Beach Oceanside Old Town Otay Mesa Pacific Beach Pala Palomar College Palomar Mountain Paradise Hills Pauma Valley Pine Valley Point Loma Point Loma Nazarene Potrero Poway Rainbow Ramona Rancho Bernardo Rancho Penasquitos Rancho San Diego Rancho Santa Fe Rolando San Carlos San Marcos San Onofre Santa Ysabel Santee San Ysidro Scripps Ranch SDSU Serra Mesa Shelltown Shelter Island Sherman Heights Skyline Solana Beach Sorrento Valley Southcrest South Park Southwestern College Spring Valley Stockton Talmadge Temecula Tierrasanta Tijuana UCSD University City University Heights USD Valencia Park Valley Center Vista Warner Springs
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