Assessed value going up - Help

[Sam M.]

I purchased a rental (SFR) in Ontario California in 2008. It was foreclosed on the previous owner and we found it on the MLS. I paid $230k. The county keeps increasing my assessed value! I just got a notice that it will be $346k for 2015. It also says the max assessment (prop 13 value) is $346k. I thought prop 13 is based on the price I paid when I bought it. Can I fight this?

[Al Williamson]

Pay attention to time lines and due dates for filing a protest.

Think of all the problems with the property: too much traffic noise, too far away from the freeway entrance, close to flood zone, old tree may fall on it, poor sun exposure. Get creative.

Argue those points to the assessor. Give them a reason to back off your estimated value.

Best to you.