Revenue and Taxation Code sections 4831, et seq., allow for the correction tax roll errors or mistaken entries. Over the course of any year, it is not uncommon to uncover some errors among the thousands of assessments made by the Assessor. The errors may be caused by defects or delays in information or descriptions provided by assessees, unknown economic or historical information, duplication of assessments or simple clerical or mathematical errors by the assessee or the Assessor, or both. When the correction to the tax roll involves a correction in excess of $50,000, Board of Supervisor’s approval of that correction is required.
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The requested correction arises as a result of a processing error that involved computer equipment leased by IBM Credit LLC. The Assessor uses a computer program to help calculate asset values. In this instance, certain data for two pieces of equipment was inadvertently omitted and the computer defaulted to using the year of acquisition (2005) as a multiplier instead of the 0.15 factor that was supposed to have been used. Accordingly a value that should have been $640, was instead calculated to be $8,288,810. This value was rolled into the asset totals resulting in a value assessment that is $8,288,190 greater than it should be. This request is that the original assessed value of $10,112,593 be reduced to $1,824,403, resulting in an unsecured tax roll reduction of $90,780.55. Authorizing this correction of the property tax roll will contribute to the Shared Vision 2025 outcome of collaborative community by demonstrating fiscal accountability.
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