File a Builders Inventory Exclusion
The Builders Inventory Exclusion is provided for in Section 75.12 of the California Revenue and Taxation Code. This exclusion is available to property owners who notify the Assessor in writing, prior to or within thirty (30) days of the beginning of construction, that they do not intend to rent, lease, occupy, or otherwise use the property subject to the new construction.
The purpose of the exclusion is to omit the value of the new construction from the supplemental assessment roll until the date that the property changes ownership (in whole or in part), or is rented, leased, occupied, or otherwise used by the owner.
What is the process?
Notify the Assessor in Writing
Notify the Assessor in writing, prior to or within thirty (30) days of the beginning of construction, that you do not intend to rent, lease, occupy or otherwise use the property subject to the new construction. The purpose is to exclude the new construction from the supplemental assessment roll.
File a Contractor's Exclusion
File a Contractor's Exclusion application with the Assessor's Office prior to or within thirty (30) days of the beginning of construction, notifying us that you do not intend to rent, lease, occupy or otherwise use the property subject to the new construction.
Who is eligible?
Qualified property owners may use this service.
When and where is this service offered?
This service is available throughout the year during regular business hours except during scheduled holidays.
Location, directions and hours of operation
Click on location name to show hours of operation, directions and phone information
Monday - Friday 8-5
1055 Monterey Street Suite D360
San Luis Obispo, CA 93408
Tel: (805) 781-5643
Main Office Fax: (805)-781-5641
Real and Business Property Fax: (805)-788-2042
Public Service/Front Counter Fax: (805)-788-2041
Mapping and Transfers Fax: (805)-781-4034
FAQS
No, this excludes only the supplemental assessment for the new construction. Any new construction that is partially complete on January 1st (lien date) will be included in your regular yearly tax bill.
Construction is considered to have started if any physical activities on the property have begun. This includes clearing and grading of land, excavation, layout of foundations, installation of temporary structures and demolition of existing structures or fixtures.
