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There are 10 item(s) tagged with the keyword "glossary".

Displaying: 1 - 10 of 10

1. Account Number

An added separate 3-digit number found on the right of the parcel or ID number on your tax bil may be found. This number is used for Business Personal Property assessments and unsecured assessments. The APN is followed by a three digit account number making the identification both the Assessor Parcel number or ID number and the account number.

Tags: glossary, assessment
2. Assessor's Parcel Number (APN)

The Assessor's Parcel Number is an identification number for property. It is a 9-digit number assigned to the property that identifies the location of the property on the Assessor's Maps. In most cases this is the number that is shown on your tax bill and is used by the Tax collector in identifying your tax payment for that particular parcel. An example of an APN is 086-0-083-015 The first three numbers identify the Assessor's Map Book (map book 086 in this example). The next single number is an added identifier for use with specialized properties. The next three numbers show the block on the map page (block 083 in the example above). The last three numbers show the location of the exact parcel on the block. The parcel numbering system is maintained and used for the sole purposes of identifying property for tax purposes. The Assessor is responsible for updating the parcel numbers as changes in real property occur.

 

Tags: glossary, assessment, apn
3. Assessment Appeal

The formal process whereby a business or property owner can file an application with the Assessment Appeals Board to contest their property or business personal property assessment. The filing period for Assessment Appeals is annually starting July 2nd - September 15th and is filed with the Clerk of the Assessment Appeals Board in each county.

Tags: glossary, assessment, assessment appeal
4. Assessed Value

The taxable value of a property against which the tax rate is applied

Tags: glossary, assessment, Value
5. Ad Valorem Property Tax

A tax imposed on the basis of value.

Tags: glossary
6. Base Year Value

For real property assessed under Proposition 13, its fair market value as of either the 1975 lien date or the date the property was purchased, newly constructed, or underwent a change in ownership after the 1975 lien date.

Tags: glossary, base-year value transfer
7. Business Personal Property Tax

Any business that owns Personal Property and/or Leasehold Improvements having a total combined cost or current market value of $100,000 or more is required to file a Business Personal property Statement (BPS) even if the Assessor did not send you a formal request to do so. Also, any other business that is requested by the County Assessor to file, must file, regardless of the value of their assets.

The BPS  (Business Personal property Statement) collects information regarding the supplies, business equipment and leasehold improvements for each business location within the county.

Tags: glossary, business, statement
8. Calamity Claim

An application for owners who have sustained a property loss due to destruction or damage from  flood, fire or earthquake. Property tax relief may be granted if the loss exceeds $10,000 and the application is filed within 12 months of the date of loss.

Tags: glossary, disaster, calamity, exclusion
9. Change in ownership

A transfer of present interest in real property, including its beneficial use, the value of which is substantially equal to that of the full estate in the property.

Tags: glossary, ownership, change
10. Assessment Ratio

The relationship between assessed value and market value. The residential assessment ratio in California is 100% (for 2013 and 2014).

Tags: glossary, assessment, ratio

Displaying: 1 - 10 of 10

Mission Statement

The Assessor's Office is mandated by the California Constitution to annually prepare, and deliver a fair and accurate assessment roll. To accomplish this mandate the Assessor's Office must identify, determine ownership of and establish the taxable value of all land, improvements and personal property (including boats and aircraft) located in Tulare County. All these functions must be done in compliance with State, County and local laws. The information compiled in these mandated functions is annually delivered to the Auditor - Controller / Treasurer-Tax Collector / Registrar of Voters in the form of an assessment roll; and is also statistically reported to the State, the County Administrative Office and the public.

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