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Appeals board to review jurisdiction on calamity land allocation after property owner says local land values fell 30–40%
Summary
David Otis told the Ventura County Assessment Appeals Board that land values near his Camarillo property have dropped about 30–40% following fires; assessor staff and board members discussed whether calamity reassessment rules and statutes allow reallocation of land value and scheduled a jurisdictional review at the next hearing.
At a hearing before the Ventura County Assessment Appeals Board, property owner David Otis said land values in his neighborhood declined substantially after recent fires and asked the board to consider reallocating assessed value between land and improvements.
"APN values are roughly 30 to 40% devalued due to what's happened in the area of Camarillo," Otis said, describing attempts by nearby owners to sell lots at prices below the…
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