Lower Your Los Angeles County Property Taxes!

Did you know that can submit an application for a temporary reduction in assessed property value when your home has experienced a “decline-in-value”.

Whatever your properties current assessed value was as of January 1, 2007, if you can show the Los Angeles County Assessor that your home is actually worth less (lower market value), as of March 31, 2007, then you may qualify for this temporary reduction in assessed value, which will of course lower your following property tax bill!

Why pay higher property taxes off a home value the Los Angeles County assessor says your home is worth, when you can’t in fact sell your home for that figure today!

Thanks to Proposition 8, which is authorized under section 51 of the Revenue and Taxation Code, many Los Angeles County home owners should, and I expect will, be taking advantage of this! The deadline to file is December 31, 2007, applications for this “Decline-in-value” reassessment received after that date will not be processed. There is an Assessment Appeals Board if you disagree with the county’s findings.

The single page form they provide for this request, can be found at their website, click here for “Decline In Value Reassessment Form”

Or, just Download the form direct from this blog here: Los Angeles County Decline In Value Reassessment Form Request