How to get you Property Taxes Reduced!

The recent price adjustments that have occurred in various parts of San Diego: Carlsbad, Encinitas, Oceanside, San Marcos, Vista, Escondido, Solana Beach, La Costa, etc. can mean that you might be paying too much in property taxes.

Here's why:
Property taxes are based on the assessed value, generally the purchase price. The tax base is around 1.1% when you factor in Mello Roos and special bonds. Meaning if you recently bought your home, say in 2005 or 2006; it is quite possible that the assessed value has gone down.

Note to my clients: Most of my clients purchased way below market value, (between $40,000 to $100,000) so this probably won't affect you, but for others that I didn't represent, it is a strong possibility. Check the recent comparables. If you need help, call me.

For example, I have seen numerous homes that were purchase in 2006 for around $600,000; while the exact same models are now selling for $550,000. A couple of reasons for this: buyers agent was not a skilled negotiator, buyer was not properly educated by agent, offers weren't made to motivated sellers, buyer had their closing costs rolled up into the loan, market shift, reactionary/passive marketing approach by current listing agents, etc.

If this is your situation, here's what you do:

1. Write a letter to:
Assessors Office
Gregory J Smith, County Assessor
1600 Pacific Coast Highway, Room 103
San Diego, CA 92101

2. Submit your justification for why you think you are over paying your taxes: Recent comparables from your area.

3. You will then hear back around July. If you disagree, you can appeal between July 2 and November 30.

WARNING: There are several companies that are charging BIG MONEY to do this for you! Save your money, and do it yourself!

Enjoy!

Marc

http://www.MarcVonMusser.com for more helpful information