Hi,
Its that time of year again - TAX TIME! I didnt' see this posted, but didn't spend an hour looking either so if this is duplicate information please forgive......
It just came to my attention that many people who bought homes around 2004-2006 timeframe may be able to have their property tax value lowered because the value of their homes has lowered. In Orange County (California) the form to request a review needs to be filled out and returned to the assessor by 30 April 2008. The form requests 3 comps be filled in. Here is the link to that county tax assessor website:
http://www.ocgov.com/assessor/pdf/Prop_8_Value_Decline.pdf
I'm certain that other counties have something similar going on, so I thought I'd post here in case any of you might want to inform your clients. I dont' know if there would be deadlines in your counties too, but it would be really good to know......
Bye for now,
Pattie
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