While no one is overjoyed with the current down turn in housing values there is a new positive note for some LA Condo owners. The Los Angeles County Assessor, Rick Auerbach, announced recently that a reassessment was done of a group of homes and condominiums purchased between July 1, 2004 and June 30, 2007. The reassessed value of the homes will result in an average tax savings of $750 on October's bill.
Market Trends have shown us time and again that prices will fluctuate and then once again rally. While it is small comfort to have reduced taxes during a market lull, it is far better than paying inflated taxes during the same market lull.
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