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DAN GOODWIN, VENTURA COUNTY ASSESSOR 800 S. Victoria Avenue, Ventura, CA 93009-1270 Telephone: 805-654-2181; Fax: 805-645-1305 APPLICATION FOR DECLINE IN VALUE REVIEW California Revenue and Taxation

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What is decline in value review?

Decline in value review is a process of reassessing the value of a property based on its current market condition compared to its previously assessed value.

Who is required to file decline in value review?

Property owners or their authorized representatives are required to file a decline in value review.

How to fill out decline in value review?

To fill out a decline in value review, you need to provide the necessary property information, including its current condition, recent sales data, and any relevant documentation supporting the decline in value.

What is the purpose of decline in value review?

The purpose of a decline in value review is to ensure that property assessments accurately reflect the current market value and provide fair taxation for property owners.

What information must be reported on decline in value review?

The decline in value review requires reporting the property's current condition, recent sales data of similar properties, and any relevant documentation supporting the decline in value claim.

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