From LA County Assessor Jeff Prang’s office:
In the wake of recent storm events, property owners facing damage may be eligible for Misfortune and Calamity Tax Relief. This relief is designed to provide financial support to those affected by natural disasters, alleviating the burdens brought about by unforeseen circumstances.
To qualify, applicants must file an Application for Reassessment: Property Damaged or Destroyed by Misfortune or Calamity (ADS-820), with the Assessor’s Office within 12 months from the date the property was damaged or destroyed and the loss must exceed $10,000 of the current market value.
More details can be found at www.assessor.lacounty.gov/disaster or you can call Assessor’s Office at 213-974-3211 with any questions.