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Blog entries tagged with "proposition 8":
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Proposition 8 takes away our rights as Californians regarding our children, Please read below, that is why we collected 1.1 Million signatures in petitions to get this Proposition back on the ballot to be voted Yes again...Yes you heard me right one more time Californians ar forced to vote on this … (8 comments)
So what are you waiting for? You can save money by working to reduce your property taxes.
Common Questions About Proposition 8
WHAT IS A "PROPOSITION 8" PROPERTY?
The law requires the Assessor to annually enroll either a property's Proposition 13 value (factored for inflation no more than 2% annually), or its current market value as of January 1 (lien date) of each year, whichever is less.
IS … (0 comments)
It's no secret that property values are rapidly declining. But what actions can a home owner take? The law requires that the Tax Assessor annually enroll a property's Proposition 13 value or its current market value, whichever is less. Proposition 8 refers to when there is a lower market value that … (0 comments)
If you have questions or feel helpless when it comes to property taxes...please give us an email and we can help you!
PROPOSITION 8 (DECLINE IN MARKET VALUE)
Under California State law as set forth in Proposition8, you are entitled to a temporary reduction in property taxes when the value of your property falls below the assessed value.
Proposition 8 reductions are temporary reductions which recognize the fact that the current market … (2 comments)
If you have clients or friends who are wondering how to apply for the property tax reassessment, a really great Title Company Rep from Chicago Title Company (Eric Maurer) sent me this link today.
Go to www.ctcprop8.com
It's pretty useful if you have clients (or friends) in California that are confused about the … (1 comments)
… (0 comments)
Attention Orange County Homeowners, It's not too late to utilize Proposition 8, a constitutional amendment that allows for a temporary reduction in assessed value when your property suffers a decline in value. If you purchased your home within the past six or seven years you are probably paying too much in property … (1 comments)
We are always looking for value added services that we can provide to our clients to make us stand out from our competition. There may be one staring you right in the face - property taxes.Your clients may not realize they can have their property reassessed and the corresponding real property … (7 comments)
Most people are aware that property values have been declining throughout the state and Los Angeles County. In many parts of Long Beach, Lakewood and Signal Hill, the decline has been relatively dramatic. That decline may mean a reduction in property taxes, however.
Have you heard of Proposition 8? This is a proposition that allows a homeowner to seek temporary reduction of their assessed value of real property if the market value of the property as of January 1st is less than its assessed value. This could apply to buyers who purchased homes in the … (0 comments)
Prop 8 allows for a "Decline-in-Value Reassessment" which needs to be supported by comparable property sales. The Assessor's Office is proactively revaluing properties downward (and many San Bernardino County residences were revalued) but individual homeowners are permitted to submit their own request for reassessment. The form can be found at their … (2 comments)