Now is the Time if You Want Your Property Reassessed
July 28, 2009
So often folks call us about how they can get their property taxes reduced to match the reduction in the market value of their property. Now is the time. It is not good to wait until you get your 2009-2010 tax bill as you will be too late for that tax year.
The filing period for the 2009 for those whose properties have decreased in value due to the present economic downturn is from July 2 to November 30.
San Bernardino County has a revamped assessment appeals Web site at www.sbcounty.gov/assessmentappeals to help you get started with the appeals process. There is also a hot line at (909) 387-4413 available between 8a.m. and 5 p.m. Monday to Friday.
An appeal application form can be completed and submitted via the Internet. There is also a video entitled "Your Assessment Appeals".
Likely candidates for assessment appeals are property owners who purchased during 2005, 2006, and 2007. Properties purchased in 2008 may also have declined in value, but probably not as significantly.
Just one caveat: During the 1990s downturn, properties were also reassessed and the property taxes were reduced. However, I have been told that when prices rose, the assessment returned to the former level. In other words, the reduction may not be a permanent reduction of your property tax basis.
If the process requires you to provide comparable sales information, your professional real estate agent will be happy to be of assistance.
So often folks call us about how they can get their property taxes reduced to match the reduction in the market value of their property. Now is the time. It is not good to wait until you get your 2009-2010 tax bill as you will be too late for that tax year.
The filing period for the 2009 for those whose properties have decreased in value due to the present economic downturn is from July 2 to November 30.
San Bernardino County has a revamped assessment appeals Web site at www.sbcounty.gov/assessmentappeals to help you get started with the appeals process. There is also a hot line at (909) 387-4413 available between 8a.m. and 5 p.m. Monday to Friday.
An appeal application form can be completed and submitted via the Internet. There is also a video entitled "Your Assessment Appeals".
Likely candidates for assessment appeals are property owners who purchased during 2005, 2006, and 2007. Properties purchased in 2008 may also have declined in value, but probably not as significantly.
Just one caveat: During the 1990s downturn, properties were also reassessed and the property taxes were reduced. However, I have been told that when prices rose, the assessment returned to the former level. In other words, the reduction may not be a permanent reduction of your property tax basis.
If the process requires you to provide comparable sales information, your professional real estate agent will be happy to be of assistance.
posted by shirley harry at 5:23 PM
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