Eight counties have set September 15th as the deadline for filing a Proposition 8 reduction. Don't wait many others have a deadline of November 30th.
If you are unsure file as soon as possible. Visit www.lowercaliforniapropertytax.com to find out how to do this for FREE today.
On the site you will find useful information and links to your Counties Assessor office.
Save thousands by filing now...
Friday, September 11, 2009
Thursday, April 9, 2009
Home Prices Fall to 2000 Levels - Property Tax Reduction Possible
The most recent Case Shiller Index that was published with data ending January 2009 gives some startling evidence of how much home values have fallen in California. The San Francisco Metro has fallen back to November 2000.
Analyzing this data is critical if you want to lower your property taxes as it shows how far back in time prices have fallen. By implication if you bought prior to this time chances are that the value of your home is below the price you are being assessed. By taking action under Proposition 8 you may be entitled to a reduction in your property taxes.
Here is the data for the major CA metropolitan areas. The source is http://www2.standardandpoors.com/spf/pdf/index/CSHomePrice_History_033114.xls
Los Angeles:
Index as of January 2009: 166.54
Last time this level: September 2003
San Diego:
Index as of January 2009: 148.25
Last time this level: April 2003
San Francisco:
Index as of January 2009: 124.33
Last time this level: November 2000
Of course the metropolitan areas covered by Case Shiller are large - as it is doubtful that the Silicon Valley areas have dropped as much as the East Bay areas.
The KEY point is that anyone who has bought a home this decade should make sure that their assessed value is not greater than the market value.
Visit www.lowercaliforniapropertytax.com to find out how to reduce your property taxes for free.
Analyzing this data is critical if you want to lower your property taxes as it shows how far back in time prices have fallen. By implication if you bought prior to this time chances are that the value of your home is below the price you are being assessed. By taking action under Proposition 8 you may be entitled to a reduction in your property taxes.
Here is the data for the major CA metropolitan areas. The source is http://www2.standardandpoors.com/spf/pdf/index/CSHomePrice_History_033114.xls
Los Angeles:
Index as of January 2009: 166.54
Last time this level: September 2003
San Diego:
Index as of January 2009: 148.25
Last time this level: April 2003
San Francisco:
Index as of January 2009: 124.33
Last time this level: November 2000
Of course the metropolitan areas covered by Case Shiller are large - as it is doubtful that the Silicon Valley areas have dropped as much as the East Bay areas.
The KEY point is that anyone who has bought a home this decade should make sure that their assessed value is not greater than the market value.
Visit www.lowercaliforniapropertytax.com to find out how to reduce your property taxes for free.
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