Unfortunately, the property tax reductions available under Proposition 8 are only available for the “current year”. Each county has it’s own deadlines for when the reassessment requests may be submitted – in general the timeframe if from early July through late Novemnber but this does vary from county to county.
To see your county’s specific deadlines for reassessments and appeals please visit our Assessor’s Office page.
The time it takes to hear back from your local Assessor’s office varies from county to county. We’ve seen it take a few weeks in some case to a year or more in some cases. If you have any quesions about the status of your reassessment request call your local Assessor’s office and ask about the status.
Sure you can. The process of exercising your rights under Proposition 8 are free to the public. Where we come in is that we have expertise and professional knowledge in the field so the documentation will be done correctly and the property evaluations will have enough supporting documentation so that the county doesn’t challenge our assessments. The key here is supporting documentation – anybody can say “My house is worth XXX” but in order for the County to recognize this, you need proof. This is where we come in.
In 1978, California voters passed Proposition 8, a constitutional amendment that allow a temporary reduction in assessed value when a property suffers a “decline-in-value.” A decline-in-value occurs when the current market value of your property is less than the current assessed value as of January 1.
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.
SacramentoTaxRelief.com is in full swing with less than a month left until the property tax reassessment deadline – today we broke the $5 million barrier in terms of savings uncovered for Sacramento County homeowners.
Sacramento Tax Relief Saves Homeowners From Paying Excess Taxes on Falling Home Values
FOR IMMEDIATE RELEASE
PRLog (Press Release) – Oct 27, 2008 – SACRAMENTO – What would you do with your share of a two million dollar savings windfall? Homeowners that visited SacramentoTaxRelief.com are enjoying their share of the money as the firm announced today that it has saved nearly $2 million in property taxes for River City citizens.
“I am excited we are saving Sacramento residents nearly $2 million in excess property taxes,” said Mike Linville, owner of Sacramento Tax Relief. “Our absolutely free one-minute evaluation can be the difference between wasting hundreds, or even thousands, of dollars on excess property taxes for a home that has declined in value.”
With the decline in the real estate market, many Sacramento homeowners are still paying property tax bills based on out-of-date assessor valuations. Sacramento Tax Relief comes to the rescue of homeowners with a quick and easy-to-use process that puts those excess dollars back into the hands of families.
“There’s no obligation to check out Sacramento Tax Relief and use the free evaluator tool,” Linville said. “Best of all, it is only costs $69 if you want us to conveniently handle all of the government paperwork and there is even a 100 percent no-hassle money back guarantee.”
In fact, Linville is confident that if a homeowner bought their home between 2004 and 2007, his firm can save them money – guaranteed!
“It is important to visit SacramentoTaxRelief.com even if you don’t think you qualify for a home revaluation,” Linville said. “Many people don’t think they qualify and then are amazed when we can find them savings of $200, $300 or more on their property taxes.”
Linville stresses that Sacramento homeowners looking to take advantage of the housing downturn to lower their property tax better visit SacramentoTaxRelief.com today because the deadline for revaluation is quickly approaching.
“Homeowners only have until November 30 to get their homes reassessed for the 2008-2009 tax year,” he said. “Once that deadline passes, the excess taxes paid are gone forever.”
For a free no-obligation estimate of savings on your property tax please visit Sacramento Tax Relief’s website today at www.sacramentotaxrelief.com.
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Media Contact:
Mike Linville, Owner
Sacramento Tax Relief
Phone: 916-682.9111
Today SacramentoTaxRelief.com broke the $2 million barrier in terms of savings uncovered for Sacramento County homeowners. If you would like a FREE estimate of your savings online please visit us at http://www.sacramentotaxrelief.com.
(by: Robert Lewis via sacbee.com)
As property tax bills land in mailboxes across the region, county assessors are reporting record numbers of complaints and assessment appeals… (Read full article…)
Here we go folks … Over $1 million in overpaid property taxes found thus far in Sacramento County.
