SECURED PROPERTY NOTICE OF VALUES
Assessor Parcel Number:
027-132-021
Situs Location:
1600 Olive St
Santa Barbara 93101
According to Santa Barbara County Assessor records, you are currently under contract as a participant in the Mills Act Program. You will receive your regular tax bill from the County Tax Collector's office in October 2026.
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 Mills Act and the Revenue & Taxation Code. Consequently, the assessed value is the lesser of the: 1) Mills Act 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 your Proposition 13 Factored Base Year Value.
YOUR TAXES WILL BE BASED ON THE LOWEST VALUE AS SHOWN UNDER Taxable Value BELOW
Structures
$1,115,071
$567,376
Total Assessed Value
$2,116,358
$1,076,856
Less Homeowners' Exemption
0
Less Other Exemptions
N/A
0
Net Assessed Value
$1,076,856
Informal Review: If you believe this assessment is incorrect, you have the right to an informal review with the Assessor’s office. Please contact the Assessor’s office.
Your right to appeal: You also have the right to a formal appeal of the assessment which involves (1) the filing of an Application for Changed Assessment, (2) a hearing before an appeals board, and (3) a decision by the appeals board. An Application for Changed Assessment form is available from, and should be filed with, the Clerk of the Appeals Board between July 2 and November 30 (unless November 30 falls on Saturday, Sunday, or a legal holiday, the next business day shall be deemed timely). The Clerk will set an assessment appeal hearing. If the applicant and the Assessor can reach an agreement prior to the hearing, a written stipulation may be filed with the Assessment Appeals Board. The Assessor, County Counsel and the applicant must sign the stipulation. The Assessment Appeals Board may, at a hearing, accept the stipulation or reject it and set a hearing date. Call the Clerk of the Board at (805) 568-2240 to request an Application for Changed Assessment or for help in completing the form. The Clerk of the Board is located at 105 E. Anapamu St. Room 407, Santa Barbara, CA 93101.