Posted Tue Mar 17 03:41PMCalifornia homeowners can apply to lower their property taxes if the home value has declined, thanks to Proposition 8. This process is free and you can do it yourself. You will only be able to lower future tax bill, not current bill.
First, Check Your Property's Assessed Value
It is listed on the property tax bill. The assessed value is what property taxes are based on. You can also check online at your county assessor's web site. If your home value has dropped below the assessed value, then you should apply for temporary assessment relief. The county mails out a postcard around the middle of the year with their assessed value.
Determining Your Home Value as of Jan 1st
You will need to determine the value of your home as of January 1st of the current year. This requires looking a past home sales records. If you need help with this, please contact your Judy Wang Realtors' agent. We will be glad to help our clients free of charge.
How to Apply for Lower Property Tax
Each county has its own procedure and deadlines on appealing the assessed value. Below are links to local county web sites. Some counties have an online form you can enter and submit on the web site. In general, you will provide them a list of 3 homes similar to yours that sold around last January 1st but no later than March 31st to establish the value of the home as of January 1st. For help, your Judy Wang Realtors' agent will be able to provide you this data.
| Santa Clara County | Look up assessed value | Home value decline request |
| San Mateo County | Look up assessed value | Home value decline request |
| Alameda County | Look up assessed value | Home value decline request |
| Contra Costa County | Look up assessed value | Home value decline request |
| San Francisco County | Look up assessed value | Home value decline request |
Still Confused?
Contact your Judy Wang Realtors' agent for help!
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