NOTICE: Please see our Mountain Fire page for information regarding lost or damaged homes due to the Mountain Fire.
As a new homeowner, there are several items that are important to be aware of regarding property values, ownership, and taxes.
Annual tax bills are mailed once a year in mid October. If you do not receive a tax bill, you may request a substitute bill by calling the Treasurer-Tax Collector at (805) 654-3744 or visiting their website at Ventura County Property Tax Page.
In addition to annual taxes, you may be responsible for paying supplemental property taxes. Supplemental bills are based on the difference between the old assessed value and your new assessed value, which is generally your purchase price. (more info)
If you own and occupy your home as your principal place of residence, you are eligible for a Homeowners’ Exemption, which reduces your property tax by about $70 annually. You will be sent an application about three to four months after your deed is recorded. (more info)
It is possible your property tax parcel number may not be created as of your purchase date or by the time the first annual taxes are due. If your property address is not yet on our records, you will need your legal description and Assessment Number in order to properly index your situation with the Assessor and Tax Collector. You can locate this on your deed or title report.
Assessor staff should then be able to tell you when your first annual bill will be assessed and what to expect. If you would like additional information regarding this subject, you may submit your question to our public service staff by using our Public Inquiry Form.
Most repair, replacement, and maintenance are normally not considered to be new construction under the law and are generally not subject to assessment. However, any new construction that rehabilitates a structure (or a portion of a structure) to the substantial equivalent of a new structure is subject to assessment for tax purposes, even if much of the construction includes repair and replacement. (more info)
Property valuation information and tax bills are mailed to the address contained in Assessor Department records. It is important that we have your current mailing address to avoid unnecessary delays in delivery. (more info)
To obtain the exemption for a property, you must be its owner or co-owner (or a purchaser named in a contract of sale), and you must live in the property as your principal place of residence. You must also file the appropriate exemption claim form with the Assessor.
There are two, basic, alternative ways that persons qualify for this exemption:
Under the second alternative, whatever exemption is granted will be applied to the supplemental assessment or assessments, if any, and the full exemption will take effect during the next fiscal year, provided the claim is timely filed (i.e., within 30 days of the date of Notice of Supplemental Assessment).
If you do not own the property, you should not file a Homeowners' Exemption claim. If you do not occupy, or intend to occupy property you own, you should not file a Homeowners' Exemption claim.