According to Santa Barbara County records, you are currently under contract as a participant in the Agricultural Preserve Program (Williamson Act) and/or you have a qualifying Conservation Easement. You will receive your regular tax bill from the County Tax Collector's office in October 2023.
The County Assessor is required to assess this property each year to ensure that the value placed on the tax roll is in compliance with the Williamson Act and the Revenue & Taxation Code. Consequently, the assessed value as of January 1, 2023 is the lesser of the: 1) Economic Value, 2) Proposition 13 Factored Base Year Value, or 3) Current Fair Market Value. The lowest of these three values is shown below, along with the Proposition 13 Factored Base Year Value. However, in the case of a contract that covers multiple parcels the taxable value may be greater than the Proposition 13 value for an individual parcel. It is the total value of all parcels in the contract appraisal unit that is compared to their total Proposition 13 value. |