I was recently sent a link by a co-worker to the county assesors office that allows homeowners who's property values have decreased in the past year or so to apply to have their taxes adjusted/lowered, the application is a single page in length and easy to fill out, many firms here in Los Angeles have been charging upwards of 45% of the lowered taxes to do this for Homeowners but most can easily do it on their own, Just follow the link below
http://assessor.lacounty.gov/extranet/list/forms.aspx?catid=70
This is great information for REALTORS to share with their farm or sphere of influence, I'm sure most states have the same process it just takes a few clicks or a phoen call to get to the right resource, the link above is for LA County.
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