Are You Paying Too Much in Property Taxes?

If you purchased real estate in Victorville CA during the last year, the answer is most likely yes.

What can you do about this?  Fortunately for Californians you have a law on your side, Proposition 13, which compels your county assessor to re-evaluate your properties assessed value on your sales price.  Even though most assessors don't get around to it immediately you should expect, within 6-12 months after you close escrow, to get an advisement from the county assessor of your revised property value for property tax purposes. 

For years as prices where marching up your taxes where prorated at the time of purchase based on the sellers tax rate, then months afterward when The County Assessors office got around to re-evaluating your sale, based on the price you paid, The County Tax Collector would send you what is called a supplemental tax bill for the increased tax on the increased assessed value.

Now that prices are going down you should expect that getting your taxes reduced to actual market value will be somewhat like trying to take a bone away from a junk yard dog.  Time will tell as new tax assessment notices start to arrive later (After July1st) this year.  When you receive your first tax bill the assessed value should be based, for the first year, on what you paid for the property.  If there is a substantial difference you will be required to obtain a form from the assessor's office to file an objection and it most likely will need to be supported by a HUD1 closing statement (from when you closed escrow on the property) or a current property appraisal.

See Homes of Victorville for appealing property taxes

For all of your Victorville CA Real Estate needs: visit our web site at http://www.HomesOfVictorville.com