Homeowners face Feb. 15 deadline to file exemption | TahoeDailyTribune.com

Homeowners face Feb. 15 deadline to file exemption

The El Dorado County assessor reminds new homeowners about the exemption filing deadline and the lowering of assessments because of market decline.

The deadline to file new applications for the homeowners exemption is Feb. 15.

The property owner must complete and submit a simple application form to qualify for the $7,000 exemption, said County Assessor Tim Holcomb.

“Generally, this only applies to people who bought a house in 2007 and somehow didn’t get the application filed at the time of purchase,” Holcomb stated. “In many cases, there is paperwork in the closing papers, but it often gets overlooked.”

Holcomb said his office routinely mails applications as part of the change in ownership processing. For people who have owned their home for several years, one way to check is to look at your 2007-08 tax bill and see if it shows the exemption.

Property owners who are not sure about their status should contact the Assessor’s Office.

The South Lake Tahoe Office is at 3368 Lake Tahoe Blvd., Suite 103. Hours are from 8 a.m. to 5 p.m. weekdays. Call (530) 573-3422. The assessor also can be contacted via the Web at http://www.co.el-dorado.ca.us/assessor.

Holcomb stated that the market appears headed toward 2004 levels and anyone who purchased after that may have seen a decline in value. That would entitle them to the relief benefits of Prop 8, a measure passed shortly after Proposition 13.

The Assessor’s Office is lowering assessments of properties it has found in this category as well as those brought to its attention through the property owner requests process. Applications are available online, or requests can be made by letter, phone or e-mail.

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