My New Blog

It's that time of year again. Your county is now assessing your home for your property tax bill. Your county will spend the next 6 months assessing every home in the county and then they will notify you of their results in June with a "Notice of Property Tax Assessment". You will have 60 days to appeal their results at that time. Tax bills will then be mailed to the respective homeowner in September.

For those of you who have bought your house after about 2004, it is a given that your property values have dropped below your original market value. As a matter of fact, here in my county of Orange, property values are at pre-2002 levels. In 2007, the counties resisted dropping the taxable value of most homes even though values were in a free fall. 2008 saw the counties offering a token break of property values and who knows what they will do in 2009 after over two years of drastic property value losses. Many homeowners accept only what the Assessor gives them and they miss out on the real tax savings they deserve after having their property values suffer such huge losses.

If you would like me to review your property for any possible tax savings, please contact me via e-mail or at 714.969.8565.

Until my next blog, good luck in this teetering market and don't hesitate to contact me with any questions you may have. Feel free to post an opinion.