| The act of Proposition eight was passed by the | | | | be notified by the assessor's office. The relevant |
| voters of California in 1978, this is a constitutional | | | | adjustments that were made pertaining to your |
| amendment which allows for the reduction in | | | | assessed value will be put on the tax bill for the |
| property taxes and when the value has declined. | | | | following year. For example if you have submitted |
| This particularly happens when assessed value of | | | | your application in the month of March 2008 for |
| your property is more than the value of the | | | | reduced assessed value it will appear on the |
| property itself. And if you are in a certain situation | | | | assessed tax bill of the 2008 to 2009 fiscal year. |
| which you feel your property value is quite too | | | | The bill for the 2008 to 2009 year covers the |
| high you can file for a reduction of the value | | | | months from July one 2008 to June 30th 2009. |
| through the act of Proposition eight at the | | | | When the assessor's office notifies you of you |
| assessors office. | | | | reduction in property value but if you are not |
| There is no specific charge for filing this kind of | | | | pleased with the particular results then you can |
| application and the correct deadline for this is May | | | | re-file your application again for a changed |
| 30th in San Diego. If there is any change which | | | | assessment by the assessment board and this |
| should occur in the value of your property you will | | | | can be done from July two to November 30th. |