Home Values Declined - pause Property Tax
How it works The Assessor / Recorder will evaluate your property. In general, the estimated value is the value of cash or of the market at the time of purchase. This value increases not more than 2% per year until the property is sold or any new construction has been completed. Then it is to be reassessed. If your property has declined in value since you purchased. If you agree with the estimated value of your property contact your local Councillor / Recorder. They can provide information on how the value was established. If you still disagree ** contact the Assessment Board of Appeals to appeal their property tax assessment. Paying taxes, even if you disagree and turns Pays property taxes in full within the appropriate time, otherwise, you incur penalties while the case is on appeal. If your appeal is granted, a refund will be issued to you. Appeal applications According to state law, if the market value of your property (recent comparable sales) from January 1 falls below t...