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Form 8633 Jurupa Valley California: What You Should Know
In order to receive support through this program, each applicant must provide information, including the name of each property that will be provided or are being provided by the applicant. • • • Property shall be assessed and reported separately in accordance with the City's assessment and report process, which utilizes an individual tax rate to measure the value of all of each property's built up and development costs, as well as the property's operating and maintenance costs. • • • The applicant/owner shall provide his/her complete tax return including all the following: • • For property tax assessments that are being paid by the owner of property, that all the property's tax liability is determined annually, including all amounts of interest owed on the amounts owed. • • Note: an owner for a property will pay a “stabilized assessment” only if the owners have not received a property tax assessment from one of the City's authorized property tax agencies since 2015. It shall be treated as an assessment for a year ending on October 31st regardless of the dates of the City's assessment process. • • • For all property tax assessments for which the City determines the owner of each property does not have a property tax liability, the City will continue to administer the current year assessment only under California law. This new “stabilized” property rate shall begin on January 1st, 2022 and will be for each and every taxable property in the City. For property in the City that has not been assessed for the past 12 months, the new property assessment is 2,200,000 effective January 1. • • • The City shall not charge the holder of this application or any subsequent applicant for any annual assessment. There shall be no changes to any assessment or property tax rates under the property tax system other than the addition of the stabilized assessment.
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