decline in property value in Placer County

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The deadline for contesting property taxes in Placer County is September 15, 2009. This means that if you are intent to appeal the assessed value on your property, that you will need to turn in the Application for Changed Assessment as well as evidence for a lowered opinion of value at some point between July 2, 2009 and September 15, 2009. You also have the option to fill out the Decline in Value Reassessment Application, but I highly recommend that home owners not fill this out because this application is NOT an appeal. The Decline in Value form does not have any real power of appeal and so if you choose to only fill out the Decline in Value form and the deadline passes for appealing property taxes, then there is nothing more you can do to contest property taxes for the year. This happens to home owners every year and so I hope now that it does not happen to any readers of this blog.

The Assessor’s Office in Placer County says they will mail property owners a letter in July 2009 if the owner’s property experienced a decline in value over the past year that impacts the level of property taxes.

Placer County Links:

If you have questions about the process of appealing property taxes in Placer County or any other surrounding county, give us a call at 916-595-3735. We are happy to help Placer County home owners understand what you need to do as well as how we can help you. We are a local company that knows the local real easte market well. We do have a main property tax website at www.SacramentoTaxAppeals.com also and you may find further helpful information there.

http://www.lundquistcompany.com/blog  When is the deadline for appealing property taxes in Placer County?

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Many local residents are wondering if they’ll need to contest their property taxes this year. Will the assessed value from the Sacramento Assessor be accurate? Will it take into consideration the substantial decline in last year’s market? Hopefully so.

appraisalpichousebigger1Each local county has specific steps for home owners to follow to contest their property taxes if the owner feels the Assessor did not get it right. There are basically four steps to follow to appeal your property taxes as I have outlined in an article I wrote, “The Skinny on Lowering Property Taxes.” During this process the home owner is asked by the local Assessor’s Office to offer evidence for a lower opinion of value than what the Assessor came up with, but since not all home owners can provide that themselves, property owners sometimes need to hire a credible and local specialist to help provide solid and convincing evidence for the true value of their property. As a licensed and experienced real estate appraiser based in Sacramento, part of the supporting evidence I offer for home owners includes graphs of market trends, standing before the appeals board on your behalf, charts, convincing data and analysis, the best available comparable properties, and among other things, other properties that are not comparable but may have been used to support the Assessor’s value.

For your reference and in case you own rental properties in other counties, here is a list of Assessor websites for 10 Counties in the Greater Sacramento Region, Central Valley, & Bay Area:

As a Sacramento-based real estate appraiser, I may be able to help you in this process. Please let me know if I can be of any assistance. You can reach me at 916-595-3735. 

http://www.lundquistcompany.com/blog Lowering Your Property Taxes (Greater Sacramento Region)

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