Nathan Duport Global Real Estate Advisor

TAX RELIEF FOR LOSS IN FIRE(S) https://www.boe.ca.gov/proptaxes/disaster-relief.htm Revenue and Taxation Code section 170 provides that if a calamity such as ...fire, earthquake, or flooding damages or destroys your property, you may be eligible for property tax relief if the county where your property is located has adopted an ordinance that allows property tax relief to owners of damaged or destroyed property, without fault from the assessee. In such cases, the county assessor will reappraise the property to reflect its damaged condition. In addition, when it is rebuilt in a like or similar manner, the property will retain its prior value (Proposition 13) for tax purposes. All California counties have adopted an ordinance for disaster relief. To qualify for property tax relief, you must file a claim with the county assessor within the time specified in your county ordinance. The loss estimate must be at least $10,000 of current market value to qualify the property for this relief. The property will be reassessed according to its damaged state and property taxes will be adjusted accordingly. This property tax relief is available to owners of real property, business equipment and fixtures, orchards or other agricultural groves, and to owners of aircraft, boats, and certain manufactured homes it is not available to property that is not assessable, such as state licensed manufactured homes or household furnishings. If your property has been substantially damaged or destroyed in a Governor-proclaimed disaster, you may be eligible for a reinstatement of your home’s previous base year value. To be eligible, you must file a disaster relief claim with the county assessor to reduce your taxes and rebuild the property in a like or similar manner. Alternatively, you may choose to buy another comparable property and transfer your base year value to the new property. You will not be able to do both.

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PG&E SHUTTING OFF POWER AT MIDNIGHT TONIGHT THROUGH THURSDAY AFTERNOON AND POSSIBLY MONDAY (5 DAYS) IN SOME LOCATIONS. You can enter your address on the Nixle.us site (below) to see if you're in said zone.