Body What Is Business Personal Property? Tangible property owned, claimed, possessed or controlled in the conduct of a profession, trade or business may be subject to property taxes. The Low-Value Ordinance Exemption has been increased to $10,000. Property valued at $10,000 or less will be exempt. This exemption does not require...

Body Supplemental Assessments Two Supplemental Assessments? Depending on the date of change of ownership or completion of new construction, you may receive one or two supplemental bills: If a change of ownership or completion of new construction event occurs on or after June 1 but before January 1, there will be...

Body Annual Property Value Notices You may receive a Property Value Notice due to changes in ownership, new construction, or other activities to your property. Also, you may receive a notice if your Taxable Value has been temporarily reduced under Proposition 8, or if your Taxable Value has increased more than... Links in this section relate to Body