FAQs • Butte County, CA • CivicEngage

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Butte County, CA

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My property value was reduced under Proposition 8. Now the assessment has increased. Why?: Proposition 8 provides that your taxable value does not exceed the current market value of the property. Once a value is reduced under Proposition 8, it is reviewed annually and adjusted, according to the market value. Once the market value exceeds the adjusted base value, it will be restored to the adjusted base value.

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Assessor - Decline in Value

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1. My property value was reduced under Proposition 8. Now the assessment has increased. Why?: Proposition 8 provides that your taxable value does not exceed the current market value of the property. Once a value is reduced under Proposition 8, it is reviewed annually and adjusted, according to the market value. Once the market value exceeds the adjusted base value, it will be restored to the adjusted base value.