If you believe your property (California only) has a lower value than when you purchased it, you may be able to lower your property taxes by contacting the assessor's office for your county.
For Los Angeles county, click here:
http://assessor.lacounty.gov/extranet/guides/prop8.aspx
Apparently, the application takes about 15 minutes to fill out and isn't too cumbersome.
Good luck!
Hugh
Comments(2)