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Updated 16 days ago, 12/06/2024
LA County Assessor's Office asking me for confidential info on my property
Hi everyone. I bought a small commercial property in LA County. The Assessor's Office is doing an assessment on it to determine the new assessed value. They said that per California Revenue and Taxation code, they're asking me to provide them info such as the purchase agreement, rent rolls, etc. to assist them in doing the reappraisal of my property. In many other counties in California, they don't request this info for the reappraisal of the property. They simply use the purchase price as the new assessed value for the property.
Has anyone ever been asked of this from LA County? What happens if you don't provide them these information? Will they still continue to assess for the new value? I consider these info be confidential and am reluctant to give all these info to them. Thanks.