Huntington Beach Real Estate News

Property Tax Appeals

Within the last couple of weeks, you should have received your Property Value Notice from the county assessor's office. This notice indicates the assessed value that the property taxes will be based on for the 2011-2012 tax year.

If the assessed value of your property is greater than the market value, you can appeal the property value assessment.

In many cases, the county assessor's office has already reduced the assessed value of properties that have declined in value. However, many properties may still have assessed values greater than the market value. Even if the assessor has reduced the assessment, if you are not satisfied with the new assessed value, believing that the assessment is still above market value, you still have the option to appeal the assessment.

For the purpose of property taxes, the value is as of January 1, 2011.

Assistance

If you need any information or assistance in filing appeals for your property taxes, I can help. You'll need comps from January 1^st and a few months prior. Who knows, you may have even been thinking about selling your property? I am here to help you save money. Call me if you have any questions.

Appeal Period

For Orange County, the appeal period ends September 15^th. In Los Angeles County the appeal period goes through November 30^th.

Homeowners Exemption

Remember to verify that you have the property tax homeowner’s exemption (for owner occupied properties). Many homeowners don't take advantage of this exemption which will save them at least $70 on their property taxes. Call me if you need more information.

Assessors' Websites

Orange County: Orange County Assessor

Los Angeles County: LA County Assessor

Thank you,

Alan Adamo
Westline Real Estate
(714) 726-5429
www.westlinerealestate.com