As commercial property owners and agents are getting geared up to challenge California property tax values in light of the calamitous Covid-19 impacts of last year, a bit of good new, at least for Santa Clara county. It has been reported that Santa Clara County is looking at proactively addressing property tax relief for owners affected by the pandemic.
Assessor Larry Stone asked commercial property owners to notify his office if the market value of their property dropped below the assessed value, as of Jan. 1, 2021. “Hundreds of owners requested reductions, and our appraisers are evaluating each request,” Stone said. “We plan to review as many of the requests as possible by June, when property owners receive the annual assessed value notification.”
While this is potentially great news (for Santa Clara County at least), it is heavily recommended to review your assessment when it comes out. If your property has been affected by the Covid event and it has not been significantly lowered from last year’s assessment, you may want to take a deep look into appealing the value.
Jay is a founding partner of the property tax firm of Grant Lee Bradley, Inc. For the past 20 years he has led his company to be one of the top property tax consulting groups in California, Nevada and Arizona. Grant Lee Bradley is an elite group of property tax consultants dedicated to effectively contesting and collecting overpaid property taxes.
His clients include QUALCOMM, Siemens, Merck, PerkinElmer, SeaWorld, Fujifilm, Solar Turbines, Panasonic, DuPont, BD, LabCorp, Dell, Lockheed Martin, AirGas and many other Fortune 1000 companies.