There is a builder's exclusion from the supplemental assessment for new construction
built specifically for sale. The builder must notify the Assessor prior to or within
30 days from the start of construction. If notice is not received, a supplemental
assessment for the value of the new construction is assessed to the builder upon
the completion of the construction. If the exclusion is granted, a supplemental
assessment is not created until the property is sold to the new owner. |