VENTURA — The Ventura County Assessor’s Office has begun mailing approximately 250,000 Annual Value Notices to property owners. These notices inform recipients of their property’s assessed value as of the lien date, January 1, 2025.
Of the total notices being sent, approximately 205,000 are postcards reflecting the standard 2% increase in assessed value in accordance with Proposition 13. In addition, more than 5,700 notices inform owners that their property’s market value is lower than its Proposition 13 factored base year value, indicating a temporary reduction in assessed value.
