Los Angeles County offers property tax relief for wildfire victims as claims process begins

The California Board of Equalization (BOE) convened on January 23, 2025, to discuss critical updates regarding property tax relief for victims of the recent wildfires in Los Angeles and Ventura Counties. The meeting highlighted the ongoing efforts to assist affected residents and ensure they are aware of available resources.

During the meeting, officials expressed their condolences to those impacted by the devastating fires. The BOE's communication chief had previously issued a news release on January 14, outlining property tax disaster relief options available under Section 170 of the Revenue and Taxation Code. This relief is applicable to properties in government-proclaimed disaster areas or those that have suffered significant damage, with a minimum estimated loss of $10,000 in market value.

Property owners must file a claim with their county assessors within 20 months of the damage. However, proactive measures are being taken by local assessors, such as Assessor Prang, who is assisting property owners in filing claims to ensure they receive the necessary support. Approved claims can lead to temporary reductions in property taxes, with the pre-damage value restored once properties are rebuilt.

The BOE also noted that eligible property owners may postpone their next property tax installment until reassessment occurs. Additional provisions exist for those who choose to rebuild or purchase different properties. Comprehensive details are available on the BOE's disaster relief webpage and in an informational guide distributed by Board Member Vasquez and his team.

Furthermore, the meeting addressed the governor's executive order, which extends the state property tax deadline for affected residents until April 2026. Ongoing discussions among board members and stakeholders aim to explore further property tax relief options, with updates expected as proposals develop.

The meeting underscored the BOE's commitment to supporting wildfire victims and ensuring they have access to vital resources during this challenging time.