December 25, 2007
Don’t Pay Too Much Property Tax
This article in The New York Times notes that homeowners throughout the country are appealing their property-tax assessments in light of lower home values.
For example, in 2007 roughly 1,800 homeowners asked for reassessments in Los Angeles County, far above the average of about 500, yet far below the tens of thousands of homeowners in Los Angeles who looked for tax adjustments during some years of the downturn in the 1990s. But elected officials and property tax experts said that the numbers were notable and that they expected them to grow in 2008.
Contact your county assessor (the person who sends you your property-tax bill) for more information.
