Orange County Assessor, Supplemental Notices, Purchases and Changes in Ownership

		Purchases and Changes in Ownership
		A supplemental assessment represents the increase or decrease in taxable value from the previous owner's Prop.13 value to the current market value when you acquire it.
		Essentially, a supplemental assessment picks up the added increment of value. For example, a $250,000 market value transfer that occur in December on a parcel with a current enrolled value of $200,000 would result in $50,000 supplemental assessment.
		Example: $250,000 Market Value When You Acquired the Property -200,000 Previous Owner's Prop. 13 Value $ 50,000 Supplemental Assessment

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