Lowering Your Property Taxes

By
Real Estate Agent with Executive Properties

Lowering Your Property Taxes...


Hello Everyone ~
 
A couple of items of interest for those who work and/or own a home.
 
By now you should have received your current property tax statement for 2011-2012. If you have an impound account, your lender will pay this for you. if you don't have an impound account, these installments needs to be paid by 12/10/2011 and 04/10/2012.
 
If you feel your assessed value is too high, you have until 11/30/2011 to ask for an appeal. Here's an example of an appeal form that could help you lower your property taxes - Sacramento County. Remember that the county is assessing the value of your home from January 2011, and you must find recent sales during that time to have them adjust the assessed value.
 
Some good news for social security recipients, as your monthly income will be increasing by 3.60% starting January 1st, 2012.
 
The not so good news for those who earn over $100,000 annually...Your FICA tax, which currently taxes your earnings up to $106,800, will now be taxed up to $110,100.
 
With that, have a great weekend and enjoy this wonderful October weather.

 

lower your property taxes
 

 

Comments (6)

Wale Adewoyin
1st Crown Realty Corporation 503-512-6200 - Saint Helens, OR

Maria filling the necsssary apeal when its due will help you tremendously. I usually have them appeal not long after they close.

Oct 21, 2011 02:53 PM
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Maria - Thank you for sharing quality information on lowering property taxes.

Oct 21, 2011 05:04 PM
Joe Petrowsky
Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 - Manchester, CT
Your Mortgage Consultant for Life

I have done the appeal piece many times. I run into over taxed properties when purchasing properties to flip. When I have this situation, I start the appeal, as soon as I am in contract and can usually get a reduction before I renovations are completed and the property is back on the market.

Oct 22, 2011 12:10 AM
Maria Marriott
Executive Properties - Roseville, CA
Realtor - DBRealEstateTeam.com

Thanks for the comments...I've found that many people aren't even aware of the possibility of lowering their property taxes. It's a great idea to appeal shortly after getting in contract. All the best to you ~

Oct 22, 2011 01:57 AM
Bob & Leilani Souza
Souza Realty 916.408.5500 - Roseville, CA
Greater Sacramento Area Homes, Land & Investments

Maria, I just wanted to stop by and let you know about another upcoming AR MeetUp in Roseville:

Sacramento Area ActiveRain MeetUp #3 - Roseville, CA - Friday, 4/20/12 (3pm)

Leilani

Apr 17, 2012 09:13 AM
James A. Browning
Browning Real Estate School/REO Institute - International, IT
MRE REOCertified(R) SSCertified

Thank you for sharing your blog; we need Real estate Professionals to share their comments and information regarding their markets and experiences. Thanks again from beautiful Colorado; Spring is here in the Rocky Mountains

May 11, 2012 01:29 AM