Crescent City Real Estate News

Paying too Much in Property Taxes?

property taxesIf you purchased your home within the last 5 years, chances are good that you are paying more than you have to in property taxes. 

Why? Because property values have fallen in California, in some areas, by more than 50%.

There is always someone trying to make a buck out there, so why should lowering property taxes be any different.  You do not need to pay someone to assist you with this process, just like you DO NOT have to PAY SOMEONE to assist you with a loan modification.

It's a very easy process that I just completed.  I received my letter today from the tax assessors office letting me know they have reassessed the value of my home, which resulted in lower taxes.  (If you purchased your home at below market value, then you may not realize any savings by a reassessment.)

To start the process, it is helpful if you know what homes similar to yours are selling for in your neighborhood.  If you don't know, call a local agent (in Del Norte County you can call me, I won't charge you), and ask if they would mind giving you some comparables to take to the tax assessor's office.  I have already helped several clients and homeowners who called asking for help.  When I called the assessors office I was armed with my homes current value based on several comps.  The appraiser agreed with what I had to say because it was based on solid facts and not wishful thinking.

He added me to an ever growing list of homeowners who wanted reassessment, and within 4-6 weeks, I received my letter.  I'm sure I speak for homeowner's everywhere when I say that any relief right now is helpful, so I was happy the hour or so I spent preparing for the assessor paid off.

IF YOU PURCHASED A HOME IN DEL NORTE COUNTY WITHIN THE LAST 5 YEARS, call me for comps.  You may be a candidate for lower property taxes.  Only your tax assessor knows for sure.

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Thank you for stopping by. Your comments on this post are welcomed and appreciated.
No one sold more homes in Del Norte County in 2009--*both in number and volume--than Fran Gatti. Put Fran to work for you!

 Fran Gatti Del Norte County Real Estate Agent

Brought to you by Fran Gatti at  REMAX
No one works harder for you! 
Bus: 707-464-5400, Cell: 707-218-8162
Email: frangatti@remax.net
Website: FranGatti.com
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*PER CCMLS