Entries from May 2008
Free First Time Home Buyers Seminar
May 23, 2008 · Leave a Comment
Categories: Real Estate
Tagged: bay area, castro valley, danville, dublin, east bay, first time home buyers seminar, fremont, get pre-qualified to buy a home, home buyers workshop, how to buy a home, livermore, pleasanton, san ramon, what you need to know to buy a home
The re-assessment of property taxes is due June 2nd 2008!!!!
May 21, 2008 · 1 Comment
Proposition 8 – Potential Property Tax Relief For Alameda County Home Owners
What is Proposition 8 and How does an Alameda County Home Owner Exercise Their Rights?
Proposition 8 passed in November of 1978 and amended Proposition 13 to reflect declines in value. As a result of this the Assessor is required annually to assess the value of property.
As a home owner you would fill out a form indicating the decreased value of your home based on comparables of sold property in your neighborhood. If the assessor agrees that value has declined, your property taxes would be re-assessed at the lower property value.
You can fill out a form requesting your property’s value be re-assessed and a call to the Alameda County Assessor’s office regarding the form indicated that the form is different for the 2008-2009 fiscal year. Below is a link to the form.
Decline In Value 2008-2009 Form: http://lcartolano.files.wordpress.com/2008/04/decline-in-value-08-091.pdf
Property owners who believe their property value declined in 2007 should complete the 2007-2008 form.
To access a comprehensive Q&A package directly from the Alameda County Assessor’s Office go to http://www.acgov.org/forms/assessor/decline_market.pdf . In addition, Alameda County has a terrific website for a property tax glossary. http://www.acgov.org/assessor/glossary.htm
The Assessor’s Office also stated that they are aware of a “decline” with current market values and are therefore reassessing the value of properties that sold in 2005, 2006 and 2007. The Assessor’s Office will be sending out a “Notice of Assessed Value” to property owners in July of 2008. If the owner receives this “Notice” and does not agree with the value they then have until September to file an appeal or have the option of completing the 2008-2009 “Prop 8 Reassessment” form. (see above for access to a 2008-2009 fill-in style pdf form).
A recent article regarding Proposition 8 was in the San Francisco Chronicle on Sunday http://www.sfgate.com/cgi-bin/article.cgi?f=/c/a/2008/04/05/BU1L1004JA.DTL
Categories: Real Estate
Tagged: property taxes
