Los Angeles House Reductions
As stated in the prior post, we had a huge day in Los Angeles for a number of clients. Due to our filed application for changed assessment, we had hearing officer appointments for an entire day in Los Angeles County and below is what we were able to do for our clients with Single Family Residences: From $778,594 to $750,000 - Property Tax Savings of $300 From $650,200 to $617,000 - Property Tax Refund due of $350 From $814,066 to $700,000 - Property Tax Reduction of $1,200 From $650,000 to $500,000 - Property Tax Refund due of $1,600...
Read MoreLos Angeles County Home Reductions
Today we had a long day in Los Angeles County. We took down a number of cases, from single family homes to indoor golf ranges to gas stations. What follows is a list of reductions just on the single family residences we took down. These were all hearing officer appointments from our filed application for changed assessment in the 2010 year. These home reductions resulted in a total of over...
Read MoreSan Bernardino County Home Reductions
One of our clients purchased a handful of foreclosed homes in San Bernardino County. The County Assessor's office is charged with ascribing a value to the property upon change of ownership, that is indicative of fair market value at that time. When dealing with foreclosures, we see that many times the Assessor's office places a higher value than the purchase price and taxes the owner based on that higher value. This is due to the County believing...
Read MoreFresno County Agricultural Land
Fresno County - This property is about 30 acres of vacant, agricultural land about 15 miles east of downtown Fresno. The Cloverdale office was able to provide the County assessor with sales of similar tracts of ag land supporting a price per acre well below the 2010 enrolled value. The County has now corrected the enrolled value from $457,000 to $378,000, a reduction of $79,000...
Read MoreSan Diego County SFR Reduction
Last one for the week – this 1,500sf home in San Diego County was assessed at $600,000 for 2009. Through our San Diego County application for changed assessment we were able to see the value reduced to $560,000 after arguing our case to the County appraiser.
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