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.