If properties have suffered damage or destruction due to events like storms, wildfires, earthquakes, or floods, owners may be eligible for reassessment. To qualify for this tax relief initiative, property owners must submit an application for reassessment of the damaged or destroyed property to the Los Angeles County Assessor’s Office within 12 months from the date of the damage. The assessed loss should exceed $10,000 to be considered for relief.

Property owners seeking more information or wishing to apply for reassessment can do so by visiting this link at the County Accessor’s website, and additional information is available at the State Board of Equalization’s website. 

Read More: https://smmirror.com/2024/02/los-angeles-county-property-owners-may-qualify-for-tax-relief-following-recent-natural-disasters/