Newly Constructed Property
Under Proposition 13, newly constructed property (only the
portion that is newly constructed) is appraised at its market
value on its date of completion. The value assigned to completed
new construction is known as a Proposition 13 base year value.
If the January 1 lien date occurs while any new construction
is in progress, that portion of the unfinished new construction
in place on the lien date is also appraised at its value as of
that date. However, unfinished new construction assessments are
not base year values; rather, they are ‘temporary’
assessments until the new construction is completed.
Most repair, replacement, and maintenance are normally not
considered to be new construction under the law and are generally
not subject to assessment. However, any new construction that
rehabilitates a structure (or a portion of a structure) to the
substantial equivalent of a new structure is subject to assessment
for tax purposes, even if much of the construction includes repair
and replacement. New construction that changes the manner in
which a property is used is also subject to assessment (for example:
a residence converted to a multi-unit apartment).
The Assessor's Office discovers most new construction through
building permits issued by the County and any of its cities.
The Office then independently determines the value of the new
construction and adds it to the assessed value of the existing
property.
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Madera County Assessor's Office
200 W. 4th Street
Madera, CA 93637
Telephone: (559) 675-7710
Fax: (559) 675-7654
Office Hours: 8:00 AM to 5:00 PM
Monday through Friday
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