Sacramento Tax Assessor To Post Assessed Property Values July 6, 2010

Because of California Prop 8, your home could be a candidate for “decline in value” reduction.

Every year county tax assessors “assess” real property for property taxes.  While property taxes can go up based on Prop 13, they also can go down because of Prop 8.  Why you should be interested in this is if your assessed value is less than earlier years, you can get a property tax reduction.  The Sacramento  County Tax Assessor will be posting the new assessments on July 6, 2010.  Click here to look up your new assessed value. (starting July 6)

If you disagree with the tax assessor, you can file an assessment appeal with the Assessment Appeals Board (clever name?) between July 2 and November 30 of the current year.  For the Sacramento County Tax Assessor’s FAQ, click here.  For even more info and forms to file the appeal, click here.  I do see that this year, it looks like they are charging $30 to appeal.

If you don’t know what current sold prices in your neighborhood are, or disagree with the county and need me to look up values for you, please contact me.  I will be more than happy to help you.