Archive for the ‘Property Tax’ Category

Checking in on the 2008 results …

Wednesday, July 22nd, 2009

OK … So it has been almost a year since last year’s reassessment deadline and there hasn’t been much word on the results … Well here is the first of many updates aimed at keeping you up to date on the status of your 2008-2009 reassessment.

To date, we have only heard back on 30% of the reassessments that were submitted last year. These 30% represent all of the reassessments that were submitted WITHOUT appeals. According to the Sacramento County Assessor, reassessment requests that had an appeal filed with it will not be reviewed until early August 2009.

NOTE :: Shame on you if you submit a reassessment with the associated appeal. The appeal is your chance at a second opinion.

Of those that we have heard back on – nearly 60% have been approved. 40% have been denied and because they haven’t filled out the appeals form, they have no option other than to wait until next year.

For those of you that have been informed of your reassessment approval, congratulations. The checks are “in the mail” but if you want to make sure the reassessment went through you can follow the instructions below …

STEP 1: Visit http://www.eproptax.saccounty.net
STEP 2: Enter your apn – XXX-XXXX-XXX-XXXX and click the search button
STEP 3: Once the next page loads you will see something interesting … Two values – one called “Secured Annual” and one called “Secured Corrected”

If you take the “Secured Annual” value (your original tax amount) and subtract the “Secured Corrected” value – this is the refund that you can expect from the county assuming that all property taxes have been paid.

As always, if there are any questions that aren’t answered here please contact us.

The ABC’s of Property Tax Reassessment

Wednesday, July 22nd, 2009

When you take a look at property tax reassessments due to a “decline-in-market” from a 10,000 foot view (an overview) the process is relatively simple.

Step 1: Request an informal reassessment from your local Assessor’s office.
Step 2: Receive their response (approval or denial).
Step 3: If you don’t like the value given to you by your Assessor’s office then you can appeal the value with the local Assessment Appeals board.
Step 4: Receive the response from the Assessment Appeals Board.

It really is that simple – 4 steps to a lower property tax bill right? Well, not quite. There are 4 major steps but each one of these has to be done a certain way and by a certain time or else you will lose out on your ability to lower your property taxed under Proposition 8.

In a series of posts over the upcoming weeks and months we will be addressing each of these items in more detail.

As always, if you have any questions that aren’t addressed here please feel free to contact us directly.