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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Taxpayers purchased the property at 139 Albion Avenue, Woodside (the “Property”) in 2000. In 2005, they demolished the existing residence and began construction on a new residence. The new house was completed in June, 2007. Using building plans and photographs of the exterior, the Assessor valued the construction at $5,900,000 and restored the factored base year value for the land. A full inspection of the property revealed that the construction quality was inferior to that assumed in the initial valuation, and that the land value was still less than the factored base year value. The Assessor has accordingly revised his opinion of the 2009 value for the new construction to $3,090,000 and for the land to $3,200,000. This action approves that correction. 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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