Instead of waiting for the Assessor to get around to reducing your property taxes to reflect the current market value of your property, file an application for Changed Assessment with the Assessment Appeals Board.
The "Board" consists of three members who have experience in the field of real estate and appraisal as well as other professional fields. As the property owner you may file an Application for Changed Assessment with the Clerk of the Board of Supervisors.
And guess what, there is NO fee for doing this. The time frame to submit your appeal runs from July 2 through November 30, 2009. Time is running out and it is costing you money. At last there is one way to reduce your taxes, property taxes that is, file an appeal today before the deadline expires.