Where do I find California home prices?
Should I file for a property reassessment?
Will I need comparable home sales?
The assessor didn't lower my taxes enough.
What is property tax reassessment?
If you purchased a property between 2004 - 2008 then your property tax bill is probably higher than it should be! California home values have been declining at a record pace for several years. Reassess your property and save money.
Some homeowners are unaware that, Per Proposition 8, homeowners in California are entitled to file an appeal to have their properties reassessed to a Fair Market Value that more accurately reflects the current and lower property values. Find out what your home's price range is and possibly save money on your property taxes.
Your current property tax bill is based on the original cost of your property, plus any increase that the county assessors' office deemed appropriate over the years. Based on these facts and given the record number of foreclosures and the declining values taking place throughout the state, there is a probable chance that your property bill is higher than it should be. A reduction in the assessed value of your property could mean a substantial reduction in your property taxes.
Many of the county assessors' offices automatically reduced the property taxes for homeowners in certain hard hit areas. However, after reviewing these reductions it was apparent to many of the homeowners that the values were not reduced to the same level as the actual decline in value, thus still costing the homeowner to much in property taxes.
One of the initial steps you need to take before filing for a reassessment is to be educated about your home's price range and to have reliable facts to back it up. If you're thinking of an appeal you must know what the estimated price of your property is as of January 1st of the year in which you are filing. Example: You would like to file a request to reduce your property taxes for the 2009 tax year. Then your appeal must be based on the value of your property as of January 1, 2009. Check your local area for filing deadlines.
Comps4California is a full service provider of customized Comparable Home Sales reports. We can search and analyze data for any date in time; therefore we can provide you with accurate sales that show a price range for your home on January 1st of any past year.
Our Comparable Sales Reports are generated by a team of professionals who have been in the appraisal business for 25-years. We know how to search for the most appropriate sales, and how to analyze and interpret the data so you have the best comps available to support your claim.
