Calculating Retrospective Tax Value/Amount ?

[ZZGAMAZZ]

Subject is a SFR in Riverside County, California.
Assignment is retrospective ealuation for a legal matter.
How does one determine/know the annual tax amount zzz years in the past?
Is a public source available, or should the appraiser calculate previous annual tax amounts by multiplying current tax by, say, -o.o125 per year going back year by year?
Thanks.

 

[shrubberyvaluation]

Subject is a SFR in Riverside County, California.
Assignment is retrospective ealuation for a legal matter.
How does one determine/know the annual tax amount zzz years in the past?
Is a public source available, or should the appraiser calculate previous annual tax amounts by multiplying current tax by, say, -o.o125 per year going back year by year?
Thanks.

Look online and if you cant find it call the county tax office?

 

[glenn walker]

Riverside County Assessor office. You may have to call them and give them the Apn# and year But in California how we assess and tax has nothing to do with what a value was in that year. I own propertied in that County that are assessed at say $200k that are worth $500 k .

I sure hope you don't have some shady client trying to say the Tax Value was the properties market value years ago. That's not how it works under Prop 13 other than on the initial purchase year. We don't do retrospective values in California based on tax assessments.

 

[sputnam]

Subject is a SFR in Riverside County, California.
Assignment is retrospective ealuation for a legal matter.
How does one determine/know the annual tax amount zzz years in the past?
Is a public source available, or should the appraiser calculate previous annual tax amounts by multiplying current tax by, say, -o.o125 per year going back year by year?
Thanks.

In most jurisdictions that I'm familiar with, you can simply look at the old property tax bill. How you do that... online, go to the tax office and have them pull it for you... may vary.

 

[ZZGAMAZZ]

Riverside County Assessor office. You may have to call them and give them the Apn# and year But in California how we assess and tax has nothing to do with what a value was in that year. I own propertied in that County that are assessed at say $200k that are worth $500 k .

I sure hope you don't have some shady client trying to say the Tax Value was the properties market value years ago. That's not how it works under Prop 13 other than on the initial purchase year. We don't do retrospective values in California based on tax assessments.

The assignment requires a retrospective value for a marital dissolation legal matter. The GPAR form requests annual tax amount, although unlike the 1004 form the form does not request special assessments.

 

[glenn walker]

I can't take it...the retrospective value has nothing to do with California Prop 13 or special assessments. The value of the property retrospective is what similar homes..property were selling for at that time. Call the Riverside Assessors and ask them what the tax was in "1985" or what year your valuing. But no matter what it was or is it won't change what the value was in that year. If you still can't figure it out insert unknown and be done.

 

[glenn walker]

If the property tax was $2,000 in Ca increases 2% a year as i recall on the original purchase price assessment.
So just add 2% a year and multiply the years back to get a estimate . Then read how prop 13 assessment works.

 

[ZZGAMAZZ]

If the property tax was $2,000 in Ca increases 2% a year as i recall on the original purchase price assessment.
So just add 2% a year and multiply the years back to get a estimate . Then read how prop 13 assessment works.

That's what I did in past assignments, disclosing that the value reported was based upon my manual caluclations. I'm hesitant to ever describe anything in a report as Unknown unless I exhaust every possible alternative to find the answer.

 

[ZZGAMAZZ]

I can't take it...the retrospective value has nothing to do with California Prop 13 or special assessments. The value of the property retrospective is what similar homes..property were selling for at that time. Call the Riverside Assessors and ask them what the tax was in "1985" or what year your valuing. But no matter what it was or is it won't change what the value was in that year. If you still can't figure it out insert unknown and be done.

I did not mean to imply that the retrospective tax amount affected the Opinion of Value. Please be nice or I will be forced to sign the petition against you that Fernando is circluating throughout the appraisal community. LOL LOL

 

[John Hassler]

A parcel’s property tax is a matter of public record. That said, I don’t know if that is for a set period by law or for all eternity. Like others have suggested, call the county assessor, be polite, and see what you can get. Better yet, go there in person and introduce yourself (you never know, you may work there some day). If the information is not forthcoming, make a note in your report of your attempt to obtain the information and move on.