Property Tax Reassessments in Long Beach & Southern CaliforniaProperty Tax Reassessments in Long Beach & Southern California-Apply for yours ASAP
Recently consumers have been inquiring "When will our property taxes be reassessed to the new and lower market values?" Well that is an excellent question and one that was recently addressed in an article in the NY Times, 'Taxes Are Reassessed in Housing Slump'. The article states:
"in 2007 roughly 1,800 homeowners asked for reassessments in Los Angeles County, far above the average of about 500, yet far below the tens of thousands of homeowners inLos Angeles who looked for tax adjustments during someyears of the downturn in the 1990s."
1,800 homeowners is a small fraction of the residents of the Southern California and Long Beach Communities. Reduce your tax liability, contact the Los Angeles County Tax Assessors office as soon as possible to begin the process.
In 1978, California voters passed Proposition 8, a constitutional amendment that allows a temporary reduction in assessed value when a property suffers a decline-in-value. Information on Proposition 8 can be found here.
If you disagree with the assessed value of your property, you should contact the Assessors Office to request a review of the value. If the matter is not resolved to your satisfaction, you may then file an appeal with the Assessment Appeals Board.
Updated June 5, 2009: Tax Relief for Long Beach and Los Angeles County Homeowners
Links to other relevent Government Sites:
http://www.longbeachrealestatehome.com/009087 Posted on December 25, 2007 03:09:28 by Laurie Manny
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To begin your search for the perfect home or to sell your home in the Long Beach area, begin your journey by calling Laurie Manny at (562) 212-5420.
