How to Obtain a Lower Property Tax Assessment

By
Real Estate Agent with GreatWest Realty DRE# 00827565

 

 

It is no secret that a number of homeowners have watched as their home values have plummeted in recent years.  Generally, these folks are individuals who purchased homes in the last few years, at the height of the market, and now find their homes worth less than they paid for them. 

If you fall in that category, you may wonder if there is a possibly of obtaining a lower property tax assessment on their home. 

I am providing the link to the County of Sacramento Assessor's Office, which has links so if you think you may qualify for a reduced assessment you will be able to easily find the necessary information to handle this yourselves.

I do want to warn you, that like loan modification scams, there are entities out there that will gladly have you fork over money to them by claiming they will do this for you.

I strongly suggest you simply go Sacramento County Assessor's Office website which is easy to use, and risk free and begin this process on your own.

Good luck to you!

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Rainer
321,461
Jack Mossman - The Nines Team at Keller Williams in Stockton
The Nines Team At Keller Williams - Stockton, CA
The Nines Team at Keller Williams in Stockton

Myrl ... Thanks for sharing this with your community.  This is another of those areas where mass mailings are going out from companies charging $99.00 to do the work.  Not illeagal, but hardly above board either ... and seniors that 'downsized" during the market surge are their favorite marketing targets!

Sep 21, 2010 02:42 PM #1
Rainmaker
2,555,151
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Jack- Someone needs to string those folks up that are taking unfair advantage!  There will always be those that try to carve out a niche. . .Whether it's fair or not!

Sep 21, 2010 03:20 PM #2
Rainmaker
1,317,551
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

Myrl  ~  great information and I know a lot of folks are wondering where things stand.  This is a good starting point.

Sep 21, 2010 03:56 PM #3
Rainmaker
671,751
Sandy Shores FL Realtor®, Melbourne Real Estate
M & M Realty of Brevard Inc. - Melbourne, FL
Brevard County Real Estate, Florida's Space Coast

Myrl, Great info to get out to the public - our tax bills will be here in November, so we will be reminding property owners to get to the assessors office if they have any doubts about their assessment.

Sep 22, 2010 01:18 PM #4
Rainmaker
2,555,151
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Joan - It is likely handled differently in New Hampshire.  Although the information I posted was priamrily for Sacramento, it is something that others around the country should explore in their areas.  Try the local tax assessor's offices.

Sep 22, 2010 02:55 PM #5
Rainmaker
2,555,151
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Hi Sandy - Our's show up in November also.  It always seems such a bazaar time of year to send out tax notices.  It feels like the Grinch Who Stole Christmas:-)

Sep 22, 2010 02:57 PM #6
Rainer
230,494
Stephanie Reynolds
Integrity First Financial Group, Inc. - Santee, CA
East County San Diego Homes 619-838-4408

I get phone calls all the time from past clients saying they have received solicitations in the mail offering to do this for them. I always let them know they are able to do it on their own and it is quite easy. In addition, IT IS FREE!

Back at the beginning of 2009 I sent in my request for a reduction in assessment. Just 2 days ago (after numerous follow up calls) I finally received notification that they did not feel like my property was eligible. I will be taking all of my documentation to a hearing on November 1.....It may take a while, but it is retroactive to the date of initial filing. It is worth it!

Sep 23, 2010 02:18 PM #7
Rainmaker
281,030
Gail C. Harris
Resource Network, LLC SFR, AHWD, ACRE, SMAR Board Director - Chesapeake Beach, MD
Reach the BEACH with Gail C. Harris (cell: 703.868

In our state of Maryland we are assessed every three years.  Unfortunately, property owners think you can only contest your property assessment once every three years.  This is an uncorrect assumption.  And, I have learned many times what assuming does for me!! LOL

Each calendar year a property owner can submit a form to the powers that be to contest one's property taxes.  It can be faxed or sent in.  You can request a hearing or not.  You should submit proper documentation, it helps to get a CMA done.  In this day and age most people are paying too much. 

Thanks for your post, and thank you for stopping by my post to comment.  I also appreciate you adding me as an Associate. 

Sep 26, 2010 05:53 AM #8
Rainmaker
2,555,151
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Stephanie - Yes, it most certainly is worth it!  And good luck in received the success you are seeking.

Sep 26, 2010 07:10 AM #9
Rainmaker
2,555,151
Myrl Jeffcoat
GreatWest Realty - Sacramento, CA
Greater Sacramento Real Estate Agent

Gail - The states vary so across the nation.  But it is always worth checking into for your particular state.  I'm not very good at assuming things either. . .LOL

Sep 26, 2010 07:12 AM #10
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Rainmaker
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Myrl Jeffcoat

Greater Sacramento Real Estate Agent
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