ACT NOW!!! July is the deadline for Property Tax Re-assessment in Some Counties

Property and Home Owners, ACT NOW!!! If you get this done before July 1st you could possibly get this year’s property taxes reduced in time for your next property tax billing. Proposition 8 allows for an (annual) reduction in assessed value of your home when your property suffers a “decline-in-value.” A decline-in-value occurs when the market value of your property is less than the assessed value as of January 1, 2009.

The best information you can provide that supports your opinion of the market value of your property is sales of comparable properties. Attached you will find the form for your county. If you provide me with your address, I will send you the comps for your home (free of charge).

Los Angeles:

Property owners guide to decline in value
http://assessor.lacounty.gov/extranet/guides/prop8.aspx

Other la assessor value forms
http://assessor.lacounty.gov/extranet/list/forms.aspx

Decline-in-Value Reassessment Application http://assessor.lacounty.gov/extranet/lac/control/binaryget.aspx?uploadid=193


Orange County:

Orange county assessor’s office
http://www.oc.ca.gov/assessor/

Will A Decline In Market Value Reduce My Property Taxes?
http://www.oc.ca.gov/assessor/pdf/Informal%20Review%205-09.pdf

There will most likely be another one for next year. The 2009 form had to be filed by April 30, 2009


Let me know if this was of help to you; thanks.

Remember me when you hear of someone who is looking to buy or sell or rent

Herm.
949 742 0915
hermia@acastle4u.com