The following information comes directly from the Assessor’s website:

Under state law a temporary reduction in assessed values can be made when the market value, as of January 1, 2009, falls below the assessed value. Once reduced, the Assessor’s Office must then annually review the value of the property. When the property values increase, the assessed value will also be increased but no higher than the original assessed value (plus the annual CPI increase, not to exceed2%, as required by Proposition 13). The current taxable value of your home is found along the right hand side of the top portion of your property tax bill.

Many private business and individuals are soliciting homeowners and will do this for a fee. However you can do it easily yourself and we will be happy to provide you with the comparables and the necessary Application for Review of Assessment. The deadline for submitting your application for reassessment is May 30, 2009, so call us today if you would like help with this. Notification of the result will be in early July, and an appeal process should you disagree with the result is available. More information is available on the assessor’s website.

If you or anyone you know needs help finding comparables to support a reassessment I will be happy to help-at no charge. Please call!!

Posted on Thursday, April 23rd, 2009 at 3:13 pm and is filed under Questions and Answers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.