Developers who construct property with the intent to sell can file a Claim for New Construction Exclusion from Supplemental Assessment with our office that provides tax relief for the completed construction. This is also commonly known as a builder’s exclusion.
Filing Requirements
The developer must submit to the Assessor's Office a completed claim form prior to or within 30 days from the start of the new construction.
The property must be offered for sale. Properties that are rented, leased, or owner occupied do not qualify for the exclusion.
Builders are not required to file the claim form or notify the Assessor’s Office if all of the following are met:
The property is subdivided into five or more parcels.
A map describing the parcels has been recorded.
Only single residences will be constructed on the parcels.
Tax Exclusion
The builder’s exclusion only applies to the supplemental assessment(s) for new construction. It does not apply to the property’s annual property tax, inclusive of any in-progress assessments.
