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Values in Sacramento County and specifically Elk Grove have been "adjusting" consistently lately, in reaction to all the foreclosures. In an effort to stay in touch with past clients with that "value added services" thing I wanted to give some help with the whole lowering value issue. Here are some links for researching how to see if they are due for a reassessment.
Here we go with the link to the County Assessor's office: http://www.assessor.saccounty.net/default.htm
On this site there is a link just for this topic: Assessor is Lowering Property Assessments
If they don't have web access call they can call : 916-875-0700 - open M-F - 9-4:00 pm
I actually got a human on the line! She explained that the County sent letters out to 85,000 people notifying them of automatic reassessments and lowered values. I'd bet most people don't remember getting that letter . . . . . . she said many people don't . . . . . . thus the calls!
You can view your tax information directly at the e-Prop Tax Parcel Look-Up.
You can also sign-up for email notification: e-subscribe for property tax payment notifications
If the property is not on the big hairy long list and you believe the current market value is less than the factored Proposition 13 value shown on the Assessor's Parcel Viewer, you can go the next step and complete the Request for Review form and submit it to the Assessor's Office. This process can take up to 6-8 weeks to review and update.
Why do our clients refer us to their friends and family? Because we are watching out for them after the sale.
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Hi Dena - It's all reminiscent of what occurred in Sacramento County, when we experienced the real estate recession in the early 1990s. It's Deja Vu' all over again You are providing an excellent service to your clients by alerting them to possible property tax deductions emanating from value reduction.