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Is your 'Assessed Value' higher than your 'Market Value'?

By
Real Estate Agent with Dan Edward Phillips

There is the possibility of a temporary reduction in the assessment of your property in Humboldt County, California under 'Proposition 8'.

If you feel that the assessed value of your home or exceeds the ‘market value', you should contact the Humboldt County Assessors Office and request a review of your assessment.  They will need your cooperation in determining the current value.

If your property taxes are reduced, it is a ‘temporary reduction'.  Generally for one year.

Ask when you will have to apply again to maintain the reduction and do not ‘miss' that filing date to extend the reduction for another year if the 'maket value' of your home continues to be lower than the assessed value..

Linda Edelwich
William Raveis Real Estate - Glastonbury, CT
Serving Glastonbury & Beyond | 218 New London Trnk

We have a lot issues with this here in my area I am glad to see your area at least addressing it!

Sep 06, 2011 02:28 AM
Steve Stenros
Poway,La Jolla,Del Mar,Mira Mesa,Carlsbad,Escondido,Temecula - San Diego, CA
CREIA MCI, ICC, ACI Home Inspector,San Diego

Good morning Dan! I would think this is a good idea with these market conditions!

Sep 06, 2011 02:30 AM
Dan Edward Phillips
Dan Edward Phillips - Eureka, CA
Realtor and Broker/Owner

Good Morning Linda and Steve, it is an important issue that can be resolved on a temporary basis here.  Thank you for your comments and input, they are appreciated.

Sep 06, 2011 02:36 AM
Lisa Von Domek
Lisa Von Domek Team - Dallas, TX
....Experience Isn't Expensive.... It's Priceless!

Good morning Dan,

The Dallas Central Appraisal District has been flooded, and lines are around the building this past year with homeowners discussing their appraised value...

Sep 06, 2011 02:40 AM
Dan Edward Phillips
Dan Edward Phillips, Humboldt and Del Norte Counties, CA - Eureka, CA
Humboldt and Del Norte Counties, CA

Many home owners could save money on taxes by taking advantage of this program.

Sep 16, 2011 09:19 PM