Lower Property Taxes!
Sunday, March 15, 2009 | Add a comment
Your property taxes are based on the value of your home as of the lien date, January 1. The State Constitution allows the Assessor to temporarily lower the assessed value of property under certain conditions. In Contra Costa County there are some of the hardest hit areas of value decline. According to County Assessor, Gus Dramer, there have been "automatic reassessments of value." Out of 150,000 homes reviewed that were purchased back as far as January 1, 2002, about 85,000 were lowered. There will be another "automatic reassessment" done again for the 2009-2010 tax year. Downside — less revenue for County Services.
Beware. Do not pay anyone for a reassessment of your property!
