February 2, 2009 is the last date to file FY 2009 real estate appeals in quarterly billed communities. FY 2009 3rd quarter tax bills are currently being issued for the February 2nd due date/appeal deadline. These are the first actual, appealed bills for most properties. Timely payment of the tax as assessed is critical to preserve appeal rights.
Effective January 1, 2009, Assembly Bill 550 amended Revenue and Taxation Code 469’s mandatory audit. The bill deletes the requirement that an assessor must audit every four years taxpayers that own, claim, possess, or control local assessable trade fixtures and business tangible personal property with a full value of at least $400,000. For complete details on the bill, click here.